Stratton Resources Inc Has Another Very Weak Trading Session Recording a Gap Down

 Stratton Resources Inc Has Another Very Weak Trading Session Recording a Gap Down

The stock of Stratton Resources Inc (CVE:SI) gapped down by $0.03 today and has $0.53 target or 12.00% below today’s $0.60 share price. The 5 months technical chart setup indicates high risk for the $34.03M company. The gap down was reported on Nov, 9 by If the $0.53 price target is reached, the company will be worth $4.08 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 35,608 shares traded hands or 50.70% up from the average. Stratton Resources Inc (CVE:SI) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

More notable recent Stratton Resources Inc (CVE:SI) news were published by: which released: “Stratton Resources Inc. To Raise up to $7000000 Through Non-Brokered Private …” on August 12, 2016, also with their article: “Stratton Resources Acquires Rights to 119000 hectares in Newfoundland, Canada” published on November 03, 2016, published: “Stratton Resources Closes $7 Million Private Placement” on August 30, 2016. More interesting news about Stratton Resources Inc (CVE:SI) were released by: and their article: “BRIEF-Stratton Resources acquires rights to 119000 hectares in Newfoundla…” published on November 03, 2016 as well as‘s news article titled: “5 Top TSXV Stocks: Cartier Resources Rises 55 Percent” with publication date: May 16, 2016.

Stratton Resources Inc. , formerly Tribune Minerals Corp., is a Canada exploration-stage company. The company has a market cap of $34.03 million. The Firm operates through the segment being acquisition, exploration and development of mineral resource properties. It currently has negative earnings. The Firm develops mineral property interests in North America.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment