The stock of GOCOMPARE.COM GROUP PLC ORD GBP0.0002 (LON:GOCO) reached all time low today, Nov, 11 and still has GBX 58.30 target or 11.00% below today’s GBX 65.50 share price. This indicates more downside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 58.30 PT is reached, the company will be worth GBX less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 2.24% or GBX 1.5 on November 11, hitting GBX 65.5. About 574,639 shares traded hands. GOCOMPARE.COM GROUP PLC ORD GBP0.0002 (LON:GOCO) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
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