The stock of BrightPath Early Learning Inc (CVE:BPE) gapped up by $0.01 today and has $0.70 target or 52.00% above today’s $0.46 share price. The 7 months technical chart setup indicates low risk for the $55.16 million company. The gap was reported on Nov, 16 by Barchart.com. If the $0.70 price target is reached, the company will be worth $28.68M 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 40,500 shares traded hands. BrightPath Early Learning Inc (CVE:BPE) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
Another recent and important BrightPath Early Learning Inc (CVE:BPE) news was published by Reuters.com which published an article titled: “BRIEF-Brightpath to buy 20 peekaboo child care centres in Ontario” on June 28, 2016.
BrightPath Early Learning Inc., formerly Edleun Group, Inc., is a Canada firm engaged in the operation, acquisition and development of community early learning and care centers across Canada. The company has a market cap of $55.16 million. The Company’s divisions include Alberta, British Columbia and Ontario. It has a 215.96 P/E ratio. The Company’s divisions are engaged in the provision of child development and care services.
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