Could Questor Technology Inc Recover After Today’s Gap Down?

 Could Questor Technology Inc Recover After Today's Gap Down?

The stock of Questor Technology Inc (CVE:QST) gapped down by $0.005 today and has $0.41 target or 10.00% below today’s $0.46 share price. The 5 months technical chart setup indicates high risk for the $12.04M company. The gap down was reported on Nov, 15 by If the $0.41 price target is reached, the company will be worth $1.20M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 35,850 shares traded hands or 110.41% up from the average. Questor Technology Inc (CVE:QST) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.

More notable recent Questor Technology Inc (CVE:QST) news were published by: which released: “Questor Technology Inc. Reports Second Quarter 2016 Financial Results” on August 22, 2016, also with their article: “Questor Technology Inc. Announces First Quarter 2016 Financial Results” published on May 31, 2016, published: “Questor Technology Inc. Announces New CFO and Corporate Secretary” on October 26, 2015. More interesting news about Questor Technology Inc (CVE:QST) were released by: and their article: “BRIEF-Questor Technology Q2 loss per share C$0.02” published on August 22, 2016 as well as‘s news article titled: “Questor Technology Inc. Announces Acquisition of ClearPower Systems, Inc.” with publication date: February 05, 2014.

Questor Technology Inc. is an environmental cleantech company. The company has a market cap of $12.04 million. The Firm is active in Canada, the United States, Europe and Asia and is focused on clean air technologies that improves air quality, supports energy efficiency and greenhouse gas emission reductions. It currently has negative earnings. The Firm designs, makes and services waste gas combustion systems; as well as, power generation systems and water treatment solutions utilizing waste heat.

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