Mid Wynd International Investment Trust’s Big Gap Down Today Points to More Stock Risks

 Mid Wynd International Investment Trust's Big Gap Down Today Points to More Stock Risks

The stock of Mid Wynd International Investment Trust (LON:MWY) gapped down by GBX 3 today and has GBX 364.97 target or 10.00% below today’s GBX 405.52 share price. The 5 months technical chart setup indicates high risk for the GBX 122.17M company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 364.97 price target is reached, the company will be worth GBX 12.22M 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 0.06% or GBX 0.23 on November 10, hitting GBX 405.52. About 26,514 shares traded hands or 97.82% up from the average. Mid Wynd International Investment Trust (LON:MWY) has risen 17.29% since April 13, 2016 and is uptrending. It has outperformed by 11.64% the S&P500.

Mid Wynd International Investment Trust PLC is an investment trust company. The company has a market cap of 122.17 million GBP. The Firm objective of the Company is to achieve capital and income growth by investing on a worldwide basis. It has a 7.68 P/E ratio. The Firm will not invest more than 15% of its gross assets in the United Kingdom-listed investment companies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment