DREAM Unlimited Corp Can’t Be More Safe. Trades Significantly Higher After A Gap Up

 DREAM Unlimited Corp Can't Be More Safe. Trades Significantly Higher After A Gap Up

The stock of DREAM Unlimited Corp (TSE:DRM) gapped up by $0.04 today and has $11.00 target or 56.00% above today’s $7.05 share price. The 5 months technical chart setup indicates low risk for the $568.14M company. The gap was reported on Nov, 15 by Barchart.com. If the $11.00 price target is reached, the company will be worth $318.16 million 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 38,975 shares traded hands. DREAM Unlimited Corp (TSE:DRM) has declined 7.95% since April 11, 2016 and is downtrending. It has underperformed by 11.87% the S&P500.

DREAM Unlimited Corp (TSE:DRM) Ratings Coverage

Out of 2 analysts covering DREAM Unlimited (TSE:DRM), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $12 is the highest target while $9 is the lowest. The $9.92 average target is 40.71% above today’s ($7.05) stock price. DREAM Unlimited has been the topic of 4 analyst reports since November 9, 2015 according to StockzIntelligence Inc.

More notable recent DREAM Unlimited Corp (TSE:DRM) news were published by: Reuters.com which released: “BRIEF-Dream Unlimited Corp reports Q3 earnings per share C$0.15” on November 15, 2016, also Marketwired.com with their article: “Dream Unlimited Corp. Reports Strong Third Quarter Results Driven Primarily by …” published on November 15, 2016, Marketwired.com published: “Co-Founder Acquiring Control of Dream Unlimited Corp.” on August 16, 2016. More interesting news about DREAM Unlimited Corp (TSE:DRM) were released by: Seekingalpha.com and their article: “Dream Unlimited: A Sweet Dream For Investors” published on July 31, 2013 as well as Seekingalpha.com‘s news article titled: “Dream Unlimited’s (DRUNF) CEO, Michael Cooper on Q2 2016 Results – Earnings …” with publication date: August 16, 2016.

Dream Unlimited Corp. is a holding company. The company has a market cap of $568.14 million. The Firm is a real estate firm engaged in various businesses, including residential land development, housing and condominium development, retail development, asset management and management services, renewable energy infrastructure and commercial property ownership. It has a 8.23 P/E ratio. The Company’s divisions include Land Development; Housing Development; Condominium and Mixed-Use Development; Retail Development; Asset Management, Management Services and Equity Interests in Related Parties; Investment and Recreational properties, and Renewable Power.

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