The stock of DCC PLC ORD EUR0.25 (LON:DCC) gapped down by GBX 50 today and has GBX 5316.00 target or 12.00% below today’s GBX 6040.91 share price. The 5 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 5316.00 price target is reached, the company will be worth GBX 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%. The stock decreased 2.41% or GBX 149.09 on November 10, hitting GBX 6040.91. About 275,793 shares traded hands or 9.22% up from the average. DCC PLC ORD EUR0.25 (LON:DCC) has declined 5.55% since April 13, 2016 and is downtrending. It has underperformed by 11.20% the S&P500.
DCC PLC ORD EUR0.25 (LON:DCC) Ratings Coverage
Out of 15 analysts covering Dcc (LON:DCC), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Dcc has been the topic of 60 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Goodbody maintained DCC PLC ORD EUR0.25 (LON:DCC) on Thursday, January 28 with “Hold” rating. On Friday, January 29 the stock rating was upgraded by BNP Paribas to “Outperform”. On Monday, July 25 the stock rating was maintained by BNP Paribas with “Neutral”. The stock of DCC PLC ORD EUR0.25 (LON:DCC) has “Hold” rating given on Tuesday, February 2 by Goodbody. Investec maintained DCC PLC ORD EUR0.25 (LON:DCC) on Wednesday, February 24 with “Hold” rating. The firm has “Neutral” rating by BNP Paribas given on Wednesday, April 13. The stock of DCC PLC ORD EUR0.25 (LON:DCC) has “Outperform” rating given on Thursday, September 17 by BNP Paribas. The firm has “Neutral” rating given on Monday, August 15 by BNP Paribas. The rating was maintained by BNP Paribas on Monday, July 11 with “Neutral”. The stock of DCC PLC ORD EUR0.25 (LON:DCC) earned “Buy” rating by Jefferies on Tuesday, March 29.
More news for DCC PLC ORD EUR0.25 (LON:DCC) were recently published by: Fool.Co.Uk, which released: “Should you buy Premier Foods plc, DCC plc ord eur0.25 and Land Securities …” on May 17, 2016. Fool.Co.Uk‘s article titled: “3 Stocks Set To Join The FTSE 100: Worldpay Group PLC, Provident Financial plc …” and published on November 30, 2015 is yet another important article.
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