The stock of JP Morgan Fleming Japanese Smaller Cos (LON:JPS) gapped down by GBX 3.75 today and has GBX 265.35 target or 13.00% below today’s GBX 305.00 share price. The 8 months technical chart setup indicates high risk for the GBX 150.97M company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 265.35 price target is reached, the company will be worth GBX 19.63 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 increased 0.78% or GBX 2.38 on November 10, hitting GBX 305. About 35,094 shares traded hands or 49.99% up from the average. JP Morgan Fleming Japanese Smaller Cos (LON:JPS) has declined 5.73% since April 13, 2016 and is downtrending. It has underperformed by 11.38% the S&P500.
More notable recent JP Morgan Fleming Japanese Smaller Cos (LON:JPS) news were published by: Huffingtonpost.com which released: “These 10 Companies Control Enormous Number Of Consumer Brands [GRAPHIC]” on April 27, 2012, also Forbes.com with their article: “How To Invest Your Money In 2016: Best 10 Blue-Chip Stock Buys” published on December 12, 2015, Bloomberg.com published: “Impeachment Vote on IRS Head Delayed by Deal to Hold Hearing” on September 15, 2016. More interesting news about JP Morgan Fleming Japanese Smaller Cos (LON:JPS) were released by: Reuters.com and their article: “Morgan Stanley’s new president cements role as enforcer-in-chief” published on February 04, 2016 as well as Reuters.com‘s news article titled: “Wells Fargo edges back into subprime as US mortgage market thaws” with publication date: February 14, 2014.
JPMorgan Japan Smaller Companies Trust plc is a United Kingdom investment trust company. The company has a market cap of 150.97 million GBP. The Company’s objective is to achieve long-term capital growth for its shareholders through investments in a diversified portfolio of small and medium-sized Japanese companies, emphasizing capital growth rather than income. It has a 7.65 P/E ratio. The Company’s portfolio of investments include various sectors, such as real estate, precision instruments, pharmaceutical, insurance, services, information and communication, electrical appliances, machinery, construction, banks, foods, glass and ceramic products, nonferrous metals, transportation equipment, metal products, retail trade and others.
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