The stock of iSentia Group Ltd (ASX:ISD) gapped down by $0.42 today and has $2.05 target or 14.00% below today’s $2.38 share price. The 6 months technical chart setup indicates high risk for the $454.94M company. The gap down was reported on Nov, 17 by Barchart.com. If the $2.05 price target is reached, the company will be worth $63.69M 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%. The stock decreased 26.77% or $0.87 on November 17, hitting $2.38. About 12.90 million shares traded hands or 1439.83% up from the average. iSentia Group Ltd (ASX:ISD) has declined 35.33% since April 21, 2016 and is downtrending. It has underperformed by 39.95% the S&P500.
More notable recent iSentia Group Ltd (ASX:ISD) news were published by: Fool.com.Au which released: “CRASH: Isentia Group Ltd plunges 20% on shock downgrade” on November 17, 2016, also Fool.com.Au with their article: “Why all investors’ eyes are on iSentia Group Ltd” published on June 05, 2016, Fool.com.Au published: “Why shares of iSentia Group Ltd are getting crushed in 2016” on July 26, 2016. More interesting news about iSentia Group Ltd (ASX:ISD) were released by: Fool.com.Au and their article: “Here’s why iSentia Group Ltd shares have gone gangbusters today” published on August 24, 2016 as well as Fool.com.Au‘s news article titled: “Why the iSentia Group Ltd share price is charging higher this week” with publication date: May 11, 2016.
Isentia Group Limited is a media intelligence company. The company has a market cap of $454.94 million. The Firm is engaged in the provision of media intelligence services to public and private sector clients through media database, media release distribution, media monitoring, social media monitoring, media analysis and content marketing. It has a 19.67 P/E ratio. The Company’s divisions include Australia and New Zealand and Asia/Rest of the World (Asia/RoW).
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