The stock of Better Capital PCC Ltd (LON:BCAP) gapped up by GBX 6 today and has GBX 149.08 target or 43.00% above today’s GBX 104.25 share price. The 6 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 18 by Barchart.com. If the GBX 149.08 price target is reached, the company will be worth GBX 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 0.71% or GBX 0.75 on November 18, hitting GBX 104.25. About 8,132 shares traded hands. Better Capital PCC Ltd (LON:BCAP) has declined 5.21% since April 21, 2016 and is downtrending. It has underperformed by 9.64% the S&P500.
Better Capital PCC Limited is a closed-ended investment company. The company has a market cap of GBP. The Firm acts as Protected Cell Company, and also acts as a feeder fund, through each cell, and pursues an investment objective, which aims to generate total returns by investing in a portfolio of distressed businesses , such returns being expected to accrue largely through capital growth. It currently has negative earnings. The Company’s divisions include the 2009 Cell and the 2012 Cell.
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