The stock of Keek Inc (CVE:KEK) gapped down by $0.01 today and has $0.66 target or 10.00% below today’s $0.73 share price. The 7 months technical chart setup indicates high risk for the $32.43 million company. The gap down was reported on Nov, 9 by Barchart.com. If the $0.66 price target is reached, the company will be worth $3.24 million 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 211,390 shares traded hands. Keek Inc (CVE:KEK) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More notable recent Keek Inc (CVE:KEK) news were published by: Marketwired.com which released: “Keek Inc.: Early Warning News Release” on December 03, 2015, also Marketwired.com with their article: “Primary Petroleum Provides Further Details on Propoposed Transaction With Keek …” published on January 21, 2014, Business.Financialpost.com published: “Company with cash, meet company without cash: Steve Palmer’s role in Primary’s …” on November 21, 2013. More interesting news about Keek Inc (CVE:KEK) were released by: Marketwired.com and their article: “Keek Announces Proposed Restructuring of Secured Debt” published on October 14, 2015 as well as Marketwired.com‘s news article titled: “Keek Announces Share Consolidation” with publication date: January 14, 2015.
Keek Inc. , formerly Primary Petroleum Corporation, is engaged in the development of an online social video platform for both Web and mobile. The company has a market cap of $32.43 million. The Company’s application allows users to upload and share personal videos of themselves. It currently has negative earnings. The Company’s interactive video content network contains videos with approximately 36 seconds of video and over 111 characters of accompanying text that can be enabled through the Web, iPhone Operating System, Android and Windows 8 mobile platforms.
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