A Reversal for ACUITYADS HOLDINGS INC Is Not Near. The Stock Gaps Up

 A Reversal for ACUITYADS HOLDINGS INC Is Not Near. The Stock Gaps Up

The stock of ACUITYADS HOLDINGS INC (CVE:AT) gapped up by $0.08 today and has $3.34 target or 53.00% above today’s $2.18 share price. The 5 months technical chart setup indicates low risk for the $52.61M company. The gap was reported on Nov, 15 by Barchart.com. If the $3.34 price target is reached, the company will be worth $27.88M 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 10,053 shares traded hands. ACUITYADS HOLDINGS INC (CVE:AT) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.

Another recent and important ACUITYADS HOLDINGS INC (CVE:AT) news was published by Marketwired.com which published an article titled: “AcuityAds Holdings Inc. Announces Start of Trading on TSXV” on July 22, 2014.

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