Is Buying Stock Like IMPACT Silver Corp After Such Gap Up a Winning Strategy?

 Is Buying Stock Like IMPACT Silver Corp After Such Gap Up a Winning Strategy?

The stock of IMPACT Silver Corp (CVE:IPT) gapped up by $0.03 today and has $2.11 target or 174.00% above today’s $0.77 share price. The 9 months technical chart setup indicates low risk for the $68.71 million company. The gap was reported on Nov, 9 by Barchart.com. If the $2.11 price target is reached, the company will be worth $119.56M 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 126,162 shares traded hands. IMPACT Silver Corp (CVE:IPT) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

More important recent IMPACT Silver Corp (CVE:IPT) news were published by: Seekingalpha.com which released: “This Silver Stock Will Impact Your Portfolio Greatly” on April 11, 2016, also Marketwatch.com published article titled: “IMPACT Silver Announces Second Quarter 2016 Financial and Production Results”, Marketwired.com published: “IMPACT Silver Announces Fourth Quarter and Year Ended December 31, 2015 …” on March 15, 2016. More interesting news about IMPACT Silver Corp (CVE:IPT) was released by: Business.Financialpost.com and their article: “Here’s one reason why silver miners are hitting 52-week highs on the S&P/TSX …” with publication date: March 22, 2016.

Impact Silver Corp is a Canada-based silver producer. The company has a market cap of $68.71 million. The Company, through its subsidiaries, is engaged in silver mining and related activities, including exploration, development and mineral processing in Mexico. It currently has negative earnings. The Company’s divisions include Mexico, including the Company’s mining activities and exploration properties; Canada, including head office and group services, and Caribbean, including exploration properties held in the Dominican Republic.

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