A Reversal for Greenbriar Capital Corp Is Not Near. The Stock Gaps Down

 A Reversal for Greenbriar Capital Corp Is Not Near. The Stock Gaps Down

The stock of Greenbriar Capital Corp (CVE:GRB) gapped down by $0.02 today and has $0.84 target or 14.00% below today’s $0.98 share price. The 5 months technical chart setup indicates high risk for the $13.41 million company. The gap down was reported on Nov, 16 by Barchart.com. If the $0.84 price target is reached, the company will be worth $1.88 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 23,500 shares traded hands or 595.88% up from the average. Greenbriar Capital Corp (CVE:GRB) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.

More important recent Greenbriar Capital Corp (CVE:GRB) news were published by: Prnewswire.com which released: “Greenbriar Capital Corp Partners with Atherton Pacific Green and Retains CV …” on April 27, 2015, also Prnewswire.com published article titled: “Greenbriar Capital Completes Acquisition of Blue Mountain, Utah Wind Energy …”, Law360.com published: “Meggitt Lands EDAC Unit In $340M Deal With Greenbriar” on September 22, 2015. More interesting news about Greenbriar Capital Corp (CVE:GRB) was released by: Businesswire.com and their article: “Ampco-Pittsburgh to Present at the Southwest IDEAS Investor Conference on …” with publication date: November 14, 2016.

Greenbriar Capital Corp. is a developer of renewable energy and sustainable real estate projects. The company has a market cap of $13.41 million. The Firm operates through two divisions: Canada and the United States of America . It currently has negative earnings. The Firm is focused on acquisition, permitting, re-zoning, management, development and possible sale of commercial, residential, industrial, and renewable energy related real estate and energy projects in North America.

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