The stock of Future plc (LON:FUTR) gapped down by GBX 0.05 today and has GBX 7.56 target or 11.00% below today’s GBX 8.49 share price. The 9 months technical chart setup indicates high risk for the GBX 46.17 million company. The gap down was reported on Nov, 18 by Barchart.com. If the GBX 7.56 price target is reached, the company will be worth GBX 5.08M 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 increased 1.72% or GBX 0.14 on November 18, hitting GBX 8.49. About 179,172 shares traded hands. Future plc (LON:FUTR) has declined 6.24% since April 20, 2016 and is downtrending. It has underperformed by 10.67% the S&P500.
More recent Future plc (LON:FUTR) news were published by: Techcrunch.com which released: “Future Publishing buys Imagine for $21m, broadening number of titles” on June 23, 2016. Also Uk.Finance.Yahoo.com published the news titled: “PEG Ratio (5 yr expected):” on March 16, 2014. Theguardian.com‘s news article titled: “Future Publishing cuts more than 400 jobs as part of restructure” with publication date: November 21, 2014 was also an interesting one.
Future plc is a United Kingdom-based media group and digital publishing company. The company has a market cap of 46.17 million GBP. The Firm focuses on areas, which include Technology, Games and Film, Music, Photography and Creative. It currently has negative earnings. The Firm has activities in the United Kingdom, the United States and Australia.
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