Will Cobham plc Short Squeeze Soon? The Stock Just Gapped Up

 Will Cobham plc Short Squeeze Soon? The Stock Just Gapped Up

The stock of Cobham plc (LON:COB) gapped up by GBX 0.2 today and has GBX 247.94 target or 67.00% above today’s GBX 148.47 share price. The 9 months technical chart setup indicates low risk for the GBX 2.54 billion company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 247.94 price target is reached, the company will be worth GBX 1.70 billion 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 0.86% or GBX 1.27 on November 8, hitting GBX 148.47. About 4.13 million shares traded hands. Cobham plc (LON:COB) has declined 14.75% since April 11, 2016 and is downtrending. It has underperformed by 16.71% the S&P500.

Cobham plc (LON:COB) Ratings Coverage

Out of 20 analysts covering Cobham PLC (LON:COB), 4 rate it a “Buy”, 2 “Sell”, while 14 “Hold”. This means 20% are positive. Cobham PLC has been the topic of 123 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Cobham plc (LON:COB) rating on Tuesday, June 28. Goldman Sachs has “Neutral” rating and GBX 151.26 price target. The firm has “Overweight” rating by Barclays Capital given on Friday, August 5. The rating was maintained by JP Morgan with “Overweight” on Monday, February 1. RBC Capital Markets maintained Cobham plc (LON:COB) on Friday, March 4 with “Sector Performer” rating. The rating was maintained by Raymond James with “Underperform” on Thursday, October 15. As per Friday, September 25, the company rating was maintained by Berenberg. As per Thursday, December 3, the company rating was maintained by Raymond James. RBC Capital Markets maintained the shares of COB in a report on Wednesday, August 19 with “Sector Perform” rating. The firm earned “Neutral” rating on Thursday, May 12 by JP Morgan. The company was maintained on Thursday, November 5 by Liberum Capital.

More news for Cobham plc (LON:COB) were recently published by: Bloomberg.com, which released: “Cobham Slumps After Third Profit Warning in Less Than a Year” on October 24, 2016. Fool.Co.Uk‘s article titled: “Why Cobham plc and RPS Group plc both crashed 20% today” and published on April 26, 2016 is yet another important article.

Cobham plc is a United Kingdom-based company, which supplies equipment and solutions that enable connectivity for voice, data and video applications. The company has a market cap of 2.54 billion GBP. The Firm has four divisions: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions and Aviation Services. It currently has negative earnings. The Company’s Communications and Connectivity sector provides aircraft and in-building communication equipment; satellite communication equipment for land, sea and air applications, and test and measurement instrumentation for radio frequency, cellular communications and wireless networking.

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