The stock of Schroder UK Growth Fund plc (LON:SDU) gapped up by GBX 1.5 today and has GBX 349.18 target or 121.00% above today’s GBX 158.00 share price. The 5 months technical chart setup indicates low risk for the GBX 250.81M company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 349.18 price target is reached, the company will be worth GBX 303.48 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 0.16% or GBX 0.25 on November 8, hitting GBX 158. About 131,490 shares traded hands or 12.23% up from the average. Schroder UK Growth Fund plc (LON:SDU) has declined 6.86% since April 11, 2016 and is downtrending. It has underperformed by 8.81% the S&P500.
Schroder UK Growth Fund plc is an investment trust. The company has a market cap of 250.81 million GBP. The Company’s principal investment objective is to achieve capital growth predominantly from investment in the United Kingdom equities, with the aim of providing a total return in excess of the Financial Times Stock Exchange all-share index. It currently has negative earnings. The Firm invests in a relatively concentrated portfolio of between 35 and 65 stocks principally selected for their prospective to provide shareholders with attractive returns relative to the FTSE all-share index.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.