The stock of Mysale Group PLC (LON:MYSL) gapped up by GBX 0.836 today and has GBX 130.32 target or 44.00% above today’s GBX 90.50 share price. The 6 months technical chart setup indicates low risk for the GBX 135.68M company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 130.32 price target is reached, the company will be worth GBX 59.70M 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 decreased 0.55% or GBX 0.5 on November 8, hitting GBX 90.5. About 7,595 shares traded hands. Mysale Group PLC (LON:MYSL) has risen 113.53% since April 8, 2016 and is uptrending. It has outperformed by 111.57% the S&P500.
More notable recent Mysale Group PLC (LON:MYSL) news were published by: Fool.Co.Uk which released: “Why Mysale Group PLC & WYG PLC Are Surging Today” on July 27, 2015, also Theguardian.com with their article: “Share price blunder over MySale triggers listings day selloff” published on June 16, 2014, Fool.com.Au published: “Hey Kogan, where’s retail investors’ access to your IPO?” on June 07, 2016. More interesting news about Mysale Group PLC (LON:MYSL) were released by: Bloomberg.com and their article: “B&M Advances on Market Debut After IPO Raises $1.7 Billion” published on June 12, 2014 as well as Prweb.com‘s news article titled: “Major eCommerce Vendor Mysale Adopts 3radical Voco” with publication date: July 14, 2016.
MySale Group plc is an online retailer. The company has a market cap of 135.68 million GBP. The Firm has established flash sales sites in Australia, New Zealand, South-East Asia, the United States and the United Kingdom. It currently has negative earnings. The Firm operates under six differentiated brands, which include OzSale in Australia, NzSale in New Zealand, SingSale in Singapore, MySale in Malaysia, Thailand, the Philippines, the United States, the United Kingdom, South Korea and Hong Kong, as well as BuyInvite in Australia, New Zealand and Singapore and Cocosa in the United Kingdom.
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.