The stock of QUIZAM MEDIA CORPORATION (CVE:QQ) gapped up by $0.01 today and has $1.03 target or 66.00% above today’s $0.62 share price. The 6 months technical chart setup indicates low risk for the $4.82 million company. The gap was reported on Nov, 17 by Barchart.com. If the $1.03 price target is reached, the company will be worth $3.18M 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 19,503 shares traded hands. QUIZAM MEDIA CORPORATION (CVE:QQ) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
More news for QUIZAM MEDIA CORPORATION (CVE:QQ) were recently published by: Pbs.org, which released: “Where Do You Fit? Introducing The Pew/NewsHour Political Party Quiz” on August 24, 2012. Theglobeandmail.com‘s article titled: “The Globe and Mail” and published on May 21, 2009 is yet another important article.
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