The stock of Craneware plc (LON:CRW) gapped down by GBX 31 today and has GBX 1001.90 target or 14.00% below today’s GBX 1165.00 share price. The 5 months technical chart setup indicates high risk for the GBX 316.22M company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 1001.90 price target is reached, the company will be worth GBX 44.27M 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 increased 0.78% or GBX 9 on November 10, hitting GBX 1165. About 19,492 shares traded hands. Craneware plc (LON:CRW) has risen 46.20% since April 14, 2016 and is uptrending. It has outperformed by 40.55% the S&P500.
Craneware plc (LON:CRW) Ratings Coverage
Out of 3 analysts covering Craneware (LON:CRW), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Craneware has been the topic of 17 analyst reports since July 16, 2015 according to StockzIntelligence Inc. Peel Hunt maintained Craneware plc (LON:CRW) on Thursday, April 28 with “Buy” rating. Peel Hunt maintained Craneware plc (LON:CRW) rating on Thursday, August 25. Peel Hunt has “Buy” rating and GBX 1335 price target. Peel Hunt maintained the shares of CRW in a report on Tuesday, March 8 with “Buy” rating. Peel Hunt maintained it with “Buy” rating and GBX 920 target price in Wednesday, July 13 report. As per Friday, January 22, the company rating was maintained by Peel Hunt. The firm earned “Buy” rating on Wednesday, July 6 by Peel Hunt. Peel Hunt maintained Craneware plc (LON:CRW) rating on Friday, November 20. Peel Hunt has “Buy” rating and GBX 920 price target. The stock has “Buy” rating given by Investec on Friday, January 22. The rating was maintained by Peel Hunt with “Buy” on Thursday, November 10. Peel Hunt maintained the stock with “Buy” rating in Monday, March 14 report.
More news for Craneware plc (LON:CRW) were recently published by: Prnewswire.com, which released: “Craneware Announces Year-End Financial Results for Fiscal Year 2015” on September 08, 2015. Prnewswire.com‘s article titled: “Craneware Announces Year-End Financial Results for Fiscal Year 2016” and published on September 06, 2016 is yet another important article.
Craneware plc is a United Kingdom-based company, which is engaged in the development, licensing and ongoing support of computer software for the United States healthcare industry. The company has a market cap of 316.22 million GBP. The Company’s Value Cycle Solutions span over five product families, which include Patient Engagement, Charge Capture & Pricing, Coding Integrity, Cost Analytics, and Revenue Collection & Retention. It has a 37.07 P/E ratio. The Company’s Patient Engagement solutions include InSight Medical Necessity, Trisus Patient Payment and Patient Charge Estimator.
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