Samsung Electronics Co Ltd (ADR) Can’t Be More Risky. Trader Significantly Lower After A Gap Down

 Samsung Electronics Co Ltd (ADR) Can't Be More Risky. Trader Significantly Lower After A Gap Down

The stock of Samsung Electronics Co Ltd (ADR) (LON:BC94) gapped down by GBX 6.5 today and has GBX 615.88 target or 12.00% below today’s GBX 699.86 share price. The 7 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 10 by If the GBX 615.88 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 closed at GBX 699.86 during the last session. It is down 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

More notable recent Samsung Electronics Co Ltd (ADR) (LON:BC94) news were published by: which released: “Samsung Electronics Co Ltd (ADR) (OTCMKTS:SSNLF) Battered by Pixel” on October 06, 2016, also with their article: “Could Samsung Electronics Co Ltd (SSNLF) Face Same Fate as BlackBerry?” published on April 15, 2016, published: “Samsung Electronics (SSNLF) Investors Feel the Heat of Galaxy Flames” on September 15, 2016. More interesting news about Samsung Electronics Co Ltd (ADR) (LON:BC94) were released by: and their article: “If You’re A Fair-Weather Apple Investor Who Is Eyeing Samsung, There’s …” published on January 24, 2013 as well as‘s news article titled: “Samsung Electronics Co. Ltd.” with publication date: July 30, 2010.

Samsung Electronics Co., Ltd. is mainly engaged in the production of consumer electronic products. The company has a market cap of GBP. It operates in three business divisions: consumer electronics division, which involves in the color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines and others; information technology & mobile communications (IM) division, which involves in the production of computers, handhold phones (HHPs), network systems, digital cameras and others, as well as device solutions (DM) division, which is divided into semiconductor and display business parts, providing dynamic random access memories (DRAMs), flashes, thin film transistor-liquid crystal displays (TFT-LCDs) and others. It currently has negative earnings. The Firm distributes its products within domestic market and to overseas markets.

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