Is Selling Stock Like Aberdeen Asian Smaller Companies After Such Gap Down a Winning Strategy?

 Is Selling Stock Like Aberdeen Asian Smaller Companies After Such Gap Down a Winning Strategy?

The stock of Aberdeen Asian Smaller Companies (LON:AAS) gapped down by GBX 5.5 today and has GBX 818.63 target or 14.00% below today’s GBX 951.90 share price. The 5 months technical chart setup indicates high risk for the GBX 338.88M company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 818.63 price target is reached, the company will be worth GBX 47.44 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%. The stock decreased 0.53% or GBX 5.1 on November 10, hitting GBX 951.9. About 58,523 shares traded hands or 94.37% up from the average. Aberdeen Asian Smaller Companies (LON:AAS) has risen 2.32% since April 13, 2016 and is uptrending. It has underperformed by 3.33% the S&P500.

Another recent and important Aberdeen Asian Smaller Companies (LON:AAS) news was published by Ft.com which published an article titled: “Aberdeen’s small Asian companies look expensive” on November 30, 2014.

Aberdeen Asian Smaller Companies Investment Trust PLC is an investment trust. The company has a market cap of 338.88 million GBP. The investment objective of the Company is to maximize total return to shareholders over the long term from a portfolio of quoted companies in Asia and Australasia, excluding Japan. It has a 7.38 P/E ratio. The Company’s assets are invested in a diversified portfolio of securities in quoted smaller companies across a range of industries and economies in the investment region, including Australia, Bangladesh, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Pakistan, The Philippines, Singapore, Sri Lanka, Taiwan and Thailand.

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