The stock of Amedeo Air Four Plus Ltd (LON:AA4) gapped up by GBX 0.25 today and has GBX 241.97 target or 131.00% above today’s GBX 104.75 share price. The 7 months technical chart setup indicates low risk for the GBX 361.09 million company. The gap was reported on Nov, 18 by Barchart.com. If the GBX 241.97 price target is reached, the company will be worth GBX 473.03 million 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 closed at GBX 104.75 during the last session. It is down 5.45% since April 21, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.
Amedeo Air Four Plus Limited is a specialist fund. The company has a market cap of 361.09 million GBP. The Firm is engaged in acquiring, leasing and then selling aircraft. It currently has negative earnings. The Company’s investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing and then selling aircraft.
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