The stock of QUIZAM MEDIA CORPORATION (CVE:QQ) gapped up by $0.01 today and has $1.41 target or 124.00% above today’s $0.63 share price. The 9 months technical chart setup indicates low risk for the $4.98 million company. The gap was reported on Nov, 18 by Barchart.com. If the $1.41 price target is reached, the company will be worth $6.18M 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 45,816 shares traded hands or 21.28% up from the average. QUIZAM MEDIA CORPORATION (CVE:QQ) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
Another recent and important QUIZAM MEDIA CORPORATION (CVE:QQ) news was published by Pbs.org which published an article titled: “Where Do You Fit? Introducing The Pew/NewsHour Political Party Quiz” on August 24, 2012.
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