The stock of TOYOTA MOTOR CORPORATION Y50 (LON:TYT) gapped up by GBX 95.18 today and has GBX 15497.74 target or 160.00% above today’s GBX 5960.67 share price. The 6 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 11 by Barchart.com. If the GBX 15497.74 price target is reached, the company will be worth GBX 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 2.31% or GBX 134.36 on November 11, hitting GBX 5960.67. About 108,000 shares traded hands or 107.11% up from the average. TOYOTA MOTOR CORPORATION Y50 (LON:TYT) has risen 3.54% since April 13, 2016 and is uptrending. It has underperformed by 2.61% the S&P500.
More recent TOYOTA MOTOR CORPORATION Y50 (LON:TYT) news were published by: Ft.com which released: “Panasonic’s smart fridges light the way” on February 06, 2011. Also Ft.com published the news titled: “Sharp tells workers to buy company goods” on November 18, 2015. Businesswire.com‘s news article titled: “HARMAN Reports First Quarter Fiscal 2016 Results” with publication date: October 29, 2015 was also an interesting one.
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