The stock of Avigilon Corp (TSE:AVO) gapped up by $3.02 today and has $16.45 target or 47.00% above today’s $11.19 share price. The 5 months technical chart setup indicates low risk for the $486.22M company. The gap was reported on Nov, 15 by Barchart.com. If the $16.45 price target is reached, the company will be worth $228.52M 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 653,726 shares traded hands or 516.91% up from the average. Avigilon Corp (TSE:AVO) has declined 48.49% since April 11, 2016 and is downtrending. It has underperformed by 52.42% the S&P500.
Avigilon Corp (TSE:AVO) Ratings Coverage
Out of 6 analysts covering Avigilon Corp (TSE:AVO), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. $21 is the highest target while $12 is the lowest. The $15.83 average target is 41.47% above today’s ($11.19) stock price. Avigilon Corp has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Friday, August 19, the company rating was downgraded by IBC. The company was maintained on Wednesday, August 31 by Scotia Capital.
More news for Avigilon Corp (TSE:AVO) were recently published by: Reuters.com, which released: “BRIEF-Avigilon Corp reports qtrly adj. earnings per share $0.21” on November 14, 2016. Fool.ca‘s article titled: “Avigilon Corp.: Growth at a Bargain Price?” and published on September 09, 2016 is yet another important article.
Avigilon Corporation is a provider of business intelligence and security solutions. The company has a market cap of $486.22 million. The Firm operates through the segment in which it designs, makes and markets video surveillance and access control software and equipment for the global security market. It has a 51.64 P/E ratio. The Company’s security solutions are installed at school campuses, transportation systems, healthcare centers, public venues, prisons, factories, casinos, airports, financial institutions, government facilities and retailers.
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