The stock of Vipera Plc (LON:VIP) gapped up by GBX 0.124 today and has GBX 9.90 target or 96.00% above today’s GBX 5.05 share price. The 7 months technical chart setup indicates low risk for the GBX 11.93M company. The gap was reported on Nov, 18 by Barchart.com. If the GBX 9.90 price target is reached, the company will be worth GBX 11.45M 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%. The stock decreased 3.81% or GBX 0.2 on November 18, hitting GBX 5.05. About 31,968 shares traded hands. Vipera Plc (LON:VIP) has risen 44.83% since April 20, 2016 and is uptrending. It has outperformed by 40.40% the S&P500.
Vipera Plc is a mobile financial-services well-known provider working with a customer base of financial institutions. The company has a market cap of 11.93 million GBP. The Firm develops, manufactures and deploys mobile software that enable mobile access to personal financial services and offers multi-channel mobility solutions for a range of banking, card management and other functionality ready for deployment by financial institutions, primarily banks. It currently has negative earnings. It also provides consultancy services focused on the technology needs of banks and financial institutions.
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