ALMADEX MINERALS LIMITED on Focus After Gap Up In Today’s Session

 ALMADEX MINERALS LIMITED on Focus After Gap Up In Today's Session

The stock of ALMADEX MINERALS LIMITED (CVE:AMZ) gapped up by $0.04 today and has $3.99 target or 108.00% above today’s $1.92 share price. The 8 months technical chart setup indicates low risk for the $80.95M company. The gap was reported on Nov, 9 by Barchart.com. If the $3.99 price target is reached, the company will be worth $87.43 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%. About 98,749 shares traded hands. ALMADEX MINERALS LIMITED (CVE:AMZ) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

More important recent ALMADEX MINERALS LIMITED (CVE:AMZ) news were published by: Marketwired.com which released: “Almadex Minerals Limited Sells Common Shares of Gold Mountain Mining Corp.” on July 07, 2016, also Stockhouse.com published article titled: “Almadex Minerals Limited Grants Stock Options”, Juniorminingnetwork.com published: “Almadex Minerals Drills 218 Meters of 0.70 g/t Gold and 0.28% Copper at Norte …” on October 24, 2016. More interesting news about ALMADEX MINERALS LIMITED (CVE:AMZ) was released by: Marketwired.com and their article: “Almadex Sells El Encuentro Project to McEwen Mining” with publication date: May 02, 2016.

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