The stock of Stuart Olson Inc (TSE:SOX) gapped down by $0.02 today and has $4.50 target or 13.00% below today’s $5.17 share price. The 5 months technical chart setup indicates high risk for the $137.61 million company. The gap down was reported on Nov, 15 by Barchart.com. If the $4.50 price target is reached, the company will be worth $17.89 million 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 28,963 shares traded hands. Stuart Olson Inc (TSE:SOX) has declined 21.77% since April 11, 2016 and is downtrending. It has underperformed by 25.70% the S&P500.
Stuart Olson Inc (TSE:SOX) Ratings Coverage
Out of 7 analysts covering Stuart Olson Inc (TSE:SOX), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. $8 is the highest target while $6 is the lowest. The $6.69 average target is 29.40% above today’s ($5.17) stock price. Stuart Olson Inc has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. IBC maintained it with “Sector Perform” rating and $7.50 target price in Thursday, August 13 report. The firm has “Underperform” rating given on Friday, August 12 by Scotia Capital. On Monday, May 2 the stock rating was maintained by National Bank Canada with “Sector Perform”. The stock has “Buy” rating given by Paradigm Research on Thursday, August 13. The rating was maintained by IBC with “Sector Perform” on Wednesday, July 6.
More news for Stuart Olson Inc (TSE:SOX) were recently published by: Cbc.ca, which released: “Builder strikes back: Stuart Olson blames province and BBB for rush job on stadium” on April 23, 2015. Reuters.com‘s article titled: “BRIEF-Stuart Olson reports Q3 results and declares quarterly dividend” and published on November 03, 2016 is yet another important article.
Stuart Olson Inc. is a Canada-based construction and industrial services company. The company has a market cap of $137.61 million. The Company’s divisions include General Contracting, Commercial Systems, Industrial Services, and Corporate and Other. It currently has negative earnings. The General Contracting segment, through the Buildings Group, provides general contracting services, including integrated project delivery, construction management and design-build services.
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