Could WPP PLC ORD 10P Recover After Today’s Gap Down?

 Could WPP PLC ORD 10P Recover After Today's Gap Down?

The stock of WPP PLC ORD 10P (LON:WPP) gapped down by GBX 10 today and has GBX 1473.77 target or 12.00% below today’s GBX 1674.74 share price. The 6 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 1473.77 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 0.61% or GBX 10.26 on November 10, hitting GBX 1674.74. About 5.41M shares traded hands or 31.31% up from the average. WPP PLC ORD 10P (LON:WPP) has declined 0.72% since April 13, 2016 and is downtrending. It has underperformed by 6.37% the S&P500.

WPP PLC ORD 10P (LON:WPP) Ratings Coverage

Out of 23 analysts covering WPP Group PLC (LON:WPP), 16 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 70% are positive. WPP Group PLC has been the topic of 166 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Liberum Capital maintained WPP PLC ORD 10P (LON:WPP) rating on Friday, March 4. Liberum Capital has “Hold” rating and GBX 1525 price target. Jefferies maintained the shares of WPP in a report on Wednesday, October 7 with “Buy” rating. The firm has “Add” rating given on Monday, October 26 by Investec. The rating was maintained by Jefferies with “Buy” on Thursday, February 11. JP Morgan maintained the shares of WPP in a report on Tuesday, October 20 with “Overweight” rating. The firm has “Overweight” rating by Barclays Capital given on Monday, December 14. The rating was maintained by Goldman Sachs on Wednesday, September 30 with “Buy”. The stock has “Overweight” rating given by JP Morgan on Friday, April 29. The firm earned “Outperform” rating on Wednesday, January 6 by BNP Paribas. The firm has “Buy” rating given on Monday, February 29 by Nomura.

More notable recent WPP PLC ORD 10P (LON:WPP) news were published by: Fool.Co.Uk which released: “How Lloyds Banking Group plc and WPP plc ord 10p can help you grow richer!” on June 21, 2016, also Fool.Co.Uk with their article: “Why GlaxoSmithKline plc, BAE Systems plc And WPP PLC ORD 10P Are At The Top Of …” published on September 07, 2015, Fool.Co.Uk published: “Is it too late to buy rapid risers ARM Holdings plc, WPP plc ord 10p and Hikma …” on July 15, 2016. More interesting news about WPP PLC ORD 10P (LON:WPP) were released by: Fool.Co.Uk and their article: “3 Growth Stocks: Unilever plc, ARM Holdings plc & WPP Plc Ord 10p” published on January 25, 2016 as well as Fool.Co.Uk‘s news article titled: “Why You Can’t Go Wrong With Booker Group Plc, Imperial Tobacco Group PLC, WPP …” with publication date: July 03, 2015.

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