Mosaic Capital Corp Draws Bearish Focus After Its Gap Down Today

 Mosaic Capital Corp Draws Bearish Focus After Its Gap Down Today

The stock of Mosaic Capital Corp (CVE:M) gapped down by $0.1 today and has $5.25 target or 14.00% below today’s $6.10 share price. The 6 months technical chart setup indicates high risk for the $52.07 million company. The gap down was reported on Nov, 16 by Barchart.com. If the $5.25 price target is reached, the company will be worth $7.29 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 2,556 shares traded hands or 16.45% up from the average. Mosaic Capital Corp (CVE:M) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.

More recent Mosaic Capital Corp (CVE:M) news were published by: Marketwatch.com which released: “Mosaic Capital Corporation Closes $15 Million Convertible Debenture Financing” on November 10, 2016. Also Marketwatch.com published the news titled: “Mosaic Capital Corporation Announces $15 Million Public Offering of …” on November 04, 2016. Marketwired.com‘s news article titled: “Mosaic Capital Corporation: Announces C$25000000 Marketed Financing” with publication date: June 04, 2014 was also an interesting one.

Mosaic Capital Corporation is a Canada investment firm that owns a portfolio of businesses. The company has a market cap of $52.07 million. The Firm operates through four divisions: Infrastructure, Energy, Diversified and Real Estate. It currently has negative earnings. Within the Infrastructure, Energy and Diversified divisions, its portfolio of businesses operate in printing, gas and oil services, potash, construction and industrial supply industries.

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