The stock of Decisive Dividend Corp (CVE:DE) gapped up by $0.01 today and has $9.20 target or 183.00% above today’s $3.25 share price. The 8 months technical chart setup indicates low risk for the $19.36 million company. The gap was reported on Nov, 11 by Barchart.com. If the $9.20 price target is reached, the company will be worth $35.43M 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%. About 4,900 shares traded hands or 26.55% up from the average. Decisive Dividend Corp (CVE:DE) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More notable recent Decisive Dividend Corp (CVE:DE) news were published by: Stockhouse.com which released: “Decisive Dividend Corporation Announces November 2016 Dividend” on October 14, 2016, also Wsj.com with their article: “Rio Tinto Swings to Annual Loss, Alters Dividend Policy” published on February 11, 2016, Wsj.com published: “Canada’s Husky Energy Slashes Budget, Suspends Dividend” on January 19, 2016. More interesting news about Decisive Dividend Corp (CVE:DE) were released by: Prnewswire.com and their article: “DECISIVE ANALYTICS Corporation is Honored with Two DC Area Workplace Awards” published on June 17, 2016 as well as Bloomberg.com‘s news article titled: “Trump’s New Old Energy Order” with publication date: November 09, 2016.
Decisive Dividend Corp is a Canada-based capital pool company. The company has a market cap of $19.36 million. It focuses on the manufacturing sector. It currently has negative earnings. It is engaged in identifying and evaluating assets or businesses with a view to acquire them or an interest therein by completing a purchase transaction, by exercising of an option or by any associated transaction.
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