London Capital Group Holdings plc Gaps Up Today, Is Now One of The Best Performers

 London Capital Group Holdings plc Gaps Up Today, Is Now One of The Best Performers

The stock of London Capital Group Holdings plc (LON:LCG) gapped up by GBX 0.125 today and has GBX 8.72 target or 149.00% above today’s GBX 3.50 share price. The 6 months technical chart setup indicates low risk for the GBX 15.98 million company. The gap was reported on Nov, 18 by Barchart.com. If the GBX 8.72 price target is reached, the company will be worth GBX 23.81M 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 12.50% or GBX 0.5 on November 18, hitting GBX 3.5. About 107,535 shares traded hands or 254.50% up from the average. London Capital Group Holdings plc (LON:LCG) has declined 50.77% since April 20, 2016 and is downtrending. It has underperformed by 55.20% the S&P500.

London Capital Group Holdings plc operates through its principal subsidiary, London Capital Group Limited. The company has a market cap of 15.98 million GBP. The Company’s core activity includes provision of spread betting and contracts for difference products based on financial market products, such as futures, equities and foreign exchange. It currently has negative earnings. The Firm provides online trading to private, retail and professional clients.

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