The stock of TOYOTA MOTOR CORPORATION Y50 (LON:TYT) gapped up by GBX 50.14 today and has GBX 11391.18 target or 79.00% above today’s GBX 6363.79 share price. The 8 months technical chart setup indicates low risk for the GBX company. The gap was reported on Nov, 21 by Barchart.com. If the GBX 11391.18 price target is reached, the company will be worth GBX 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 increased 0.80% or GBX 50.48 on November 21, hitting GBX 6363.79. About 71,100 shares traded hands. TOYOTA MOTOR CORPORATION Y50 (LON:TYT) has risen 8.33% since April 25, 2016 and is uptrending. It has outperformed by 4.47% the S&P500.
More recent TOYOTA MOTOR CORPORATION Y50 (LON:TYT) news were published by: Ft.com which released: “Panasonic’s smart fridges light the way” on February 06, 2011. Also Ft.com published the news titled: “Sharp tells workers to buy company goods” on November 18, 2015. Businesswire.com‘s news article titled: “HARMAN Reports First Quarter Fiscal 2016 Results” with publication date: October 29, 2015 was also an interesting one.
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