The stock of PCI- PAL PLC (LON:PCIP) gapped down by GBX 0.6 today and has GBX 29.37 target or 11.00% below today’s GBX 33.00 share price. The 5 months technical chart setup indicates high risk for the GBX 9.96M company. The gap down was reported on Nov, 18 by Barchart.com. If the GBX 29.37 price target is reached, the company will be worth GBX 1.10 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock closed at GBX 33 during the last session. It is up 123.73% since April 21, 2016 and is uptrending. It has outperformed by 119.30% the S&P500.
Another recent and important PCI- PAL PLC (LON:PCIP) news was published by Nasdaq.com which published an article titled: “IPPlus Appoints Andy Francombe as Chief Finance Officer as Part of Restructuring” on October 03, 2016.
PCI-PAL PLC, formerly IPPlus Plc, is a customer engagement firm focused on secure payment solutions. The company has a market cap of 9.96 million GBP. The Firm provides services and products that enable organizations to securely take customer payments, store customer data, in particular credit card data, and to de-risk their business activities from the threat of data loss and cybercrime. It currently has negative earnings. The Company’s product suite includes PCI-PAL Agent Assist, which is an on-call, live payment tool that allows clients to type their credit card details into their telephone keypad; PCI-PAL Automate, which is an around the clock automated interactive voice response payment system; PCI-PAL Record, which records calls without the risk of storing unprotected sensitive customer data; PCI-PAL Legacy, which allows companies to clean up their historical data handling activities, and PCI-PAL Web & SMS Chat, which is a customer contact payment method.
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