The stock of Proven Growth and Income VCT PLC (LON:PGOO) gapped up by GBX 0.25 today and has GBX 156.16 target or 101.00% above today’s GBX 77.69 share price. The 5 months technical chart setup indicates low risk for the GBX 69.75M company. The gap was reported on Nov, 10 by Barchart.com. If the GBX 156.16 price target is reached, the company will be worth GBX 70.45 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 1.22% or GBX 0.94 on November 10, hitting GBX 77.69. About 1,270 shares traded hands. Proven Growth and Income VCT PLC (LON:PGOO) has declined 4.07% since April 13, 2016 and is downtrending. It has underperformed by 9.72% the S&P500.
Another recent and important Proven Growth and Income VCT PLC (LON:PGOO) news was published by Businesswire.com which published an article titled: “PolyTherics Acquires Warwick Effect Polymers and Expands Technology Portfolio …” on January 20, 2012.
ProVen Growth and Income VCT plc is a United Kingdom investment company. The company has a market cap of 69.75 million GBP. The Company’s investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium sized unquoted companies with excellent growth prospects, and a portfolio of non-qualifying investments, including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies, and non-qualifying venture capital investments, within the conditions imposed on all venture capital trusts , and to minimize the risk of each investment and the portfolio as a whole. It currently has negative earnings. The Company’s portfolio includes investments in various sectors, such as general growth capital, business software and services, clean technology, healthcare and life sciences, media, retail and consumer products, and other.
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