It Seems Pizza Pizza Royalty Corp Will Go Up. Have Big Gap Up Today

 It Seems Pizza Pizza Royalty Corp Will Go Up. Have Big Gap Up Today

The stock of Pizza Pizza Royalty Corp (TSE:PZA) gapped up by $0.03 today and has $21.62 target or 36.00% above today’s $15.90 share price. The 7 months technical chart setup indicates low risk for the $395.93 million company. The gap was reported on Nov, 16 by Barchart.com. If the $21.62 price target is reached, the company will be worth $142.53M 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 15,682 shares traded hands. Pizza Pizza Royalty Corp (TSE:PZA) has risen 14.95% since April 12, 2016 and is uptrending. It has outperformed by 10.26% the S&P500.

More important recent Pizza Pizza Royalty Corp (TSE:PZA) news were published by: Marketwired.com which released: “Pizza Pizza Royalty Corp. Announces Third Quarter Financial Results” on November 09, 2016, also Reuters.com published article titled: “BRIEF-Pizza Pizza Royalty Corp reports Q3 earnings per share of C$0.221”, Marketwired.com published: “Pizza Pizza Royalty Corp. Increases Monthly Dividend” on April 20, 2015. More interesting news about Pizza Pizza Royalty Corp (TSE:PZA) was released by: Fool.ca and their article: “Pizza Pizza Royalty Corp.: What Industry Consolidation Means for the Stock” with publication date: October 21, 2016.

Pizza Pizza Royalty Corp. owns the trademarks and trade names used by Pizza Pizza Limited in its Pizza Pizza and Pizza 73 restaurants. The company has a market cap of $395.93 million. PPL operates its Pizza Pizza Restaurants as franchise oriented restaurants and Pizza 73 Restaurants are owned, and operated as independent businesses. It has a 18.3 P/E ratio. It operates through receipt of royalty income from the ownership of the Pizza Pizza and Pizza 73 Rights and Marks segment.

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