The stock of Skil Ports And Logistics Ltd (LON:SPL) gapped up by GBX 0.052 today and has GBX 27.31 target or 140.00% above today’s GBX 11.38 share price. The 7 months technical chart setup indicates low risk for the GBX 6.90M company. The gap was reported on Nov, 10 by Barchart.com. If the GBX 27.31 price target is reached, the company will be worth GBX 9.66 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%. The stock increased 1.11% or GBX 0.12 on November 10, hitting GBX 11.38. About 1.67M shares traded hands or 750.90% up from the average. Skil Ports And Logistics Ltd (LON:SPL) has declined 82.65% since April 12, 2016 and is downtrending. It has underperformed by 88.30% the S&P500.
More news for Skil Ports And Logistics Ltd (LON:SPL) were recently published by: Seekingalpha.com, which released: “Get Access To India’s Long-Term Growth For 50 Cents On The Dollar” on June 03, 2015. Hellenicshippingnews.com‘s article titled: “Anil Ambani’s defence shipbuilding play” and published on March 12, 2015 is yet another important article.
SKIL Ports & Logistics Limited is a holding company. The company has a market cap of 6.90 million GBP. The Firm is engaged in developing, owning and operating port and logistics facilities in India. It currently has negative earnings. The firm is engaged in implementing its project of developing a port and logistics facility at Karanja Creek in the Raigad District of Maharashtra.
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