Can Calian Group Ltd’s Tomorrow be Different? The Stock Just Gapped Down

 Can Calian Group Ltd's Tomorrow be Different? The Stock Just Gapped Down

The stock of Calian Group Ltd (TSE:CGY) gapped down by $0.24 today and has $20.64 target or 12.00% below today’s $23.45 share price. The 5 months technical chart setup indicates high risk for the $171.24 million company. The gap down was reported on Nov, 9 by If the $20.64 price target is reached, the company will be worth $20.55M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 10,681 shares traded hands or 77.66% up from the average. Calian Group Ltd (TSE:CGY) has risen 27.04% since April 5, 2016 and is uptrending. It has outperformed by 22.26% the S&P500.

More important recent Calian Group Ltd (TSE:CGY) news were published by: which released: “Calian Completes Name Change to Calian Group Ltd. – Stock Ticker now CGY” on April 05, 2016, also published article titled: “Calian Declares a Quarterly Dividend of $0.28 Per Share”, published: “Calian Re-Wins Two Multi-Year Contracts for Long-Term DND Customers With A …” on September 06, 2016. More interesting news about Calian Group Ltd (TSE:CGY) was released by: and their article: “Calian Wins $3 Million DND Contract For Information Technology Service …” with publication date: June 13, 2016.

Calian Group Ltd., formerly Calian Technologies Ltd., is a Canada company, which is engaged in providing business and technology services. The company has a market cap of $171.24 million. The Firm offers business and technology services to the industries and government in the health, training, engineering and information technology services. It has a 13.25 P/E ratio. The Firm operates through two divisions: Systems Engineering Division (SED), and the Business and Technology Services Division (BTS).

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