The stock of Dragon-Ukrainian Properties & Dev. Plc (LON:DUPD) gapped up by GBX 0.25 today and has GBX 48.79 target or 187.00% above today’s GBX 17.00 share price. The 7 months technical chart setup indicates low risk for the GBX 19.96M company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 48.79 price target is reached, the company will be worth GBX 37.33M 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 2.26% or GBX 0.38 on November 8, hitting GBX 17. Dragon-Ukrainian Properties & Dev. Plc (LON:DUPD) has risen 18.75% since March 30, 2016 and is uptrending. It has outperformed by 16.79% the S&P500.
More recent Dragon-Ukrainian Properties & Dev. Plc (LON:DUPD) news were published by: Businesswire.com which released: “C&C Group Plc UK Regulatory Announcement: Statement re Appointment of Non …” on November 23, 2015. Also Reuters.com published the news titled: “Dragon-Ukrainian Properties and Development PLC announces sale of 2nd stage of Obolon project” on February 18, 2015. Reuters.com‘s news article titled: “Dragon-Ukrainian Properties and Development PLC declares dividend” with publication date: December 29, 2014 was also an interesting one.
Dragon-Ukrainian Properties & Development plc is a real estate investment company. The company has a market cap of 19.96 million GBP. The principal activities of the Company are investing in the development of its existing real estate properties in Ukraine. It currently has negative earnings. The Firm operates through the segment of investing in property development.
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.