The stock of BROMPTON LIFECO SPLIT CORP, CLASS A (TSE:LCS) gapped up by $0.11 today and has $10.50 target or 75.00% above today’s $6.00 share price. The 7 months technical chart setup indicates low risk for the $27.88M company. The gap was reported on Nov, 10 by Barchart.com. If the $10.50 price target is reached, the company will be worth $20.91 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 34,100 shares traded hands or 114.63% up from the average. BROMPTON LIFECO SPLIT CORP, CLASS A (TSE:LCS) has risen 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
More notable recent BROMPTON LIFECO SPLIT CORP, CLASS A (TSE:LCS) news were published by: Marketwatch.com which released: “Brompton Lifeco Split Corp. Announces Distribution” on October 20, 2016, also Marketwired.com with their article: “Brompton Lifeco Split Corp. Files Final Prospectus” published on April 23, 2014, Marketwatch.com published: “Brompton Lifeco Split Corp.” on August 16, 2011. More interesting news about BROMPTON LIFECO SPLIT CORP, CLASS A (TSE:LCS) were released by: Marketwired.com and their article: “Brompton Funds Provides Analysis of Rate Reset Preferred Shares” published on March 30, 2016 as well as Theglobeandmail.com‘s news article titled: “Eye on Shorts: What bearish investors are betting against” with publication date: February 04, 2015.
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