The stock of Everyman Media Group PLC (LON:EMAN) gapped down by GBX 0.5 today and has GBX 92.46 target or 8.00% below today’s GBX 100.50 share price. The 7 months technical chart setup indicates high risk for the GBX 59.18M company. The gap down was reported on Nov, 22 by Barchart.com. If the GBX 92.46 price target is reached, the company will be worth GBX 4.73M 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 100.5 during the last session. It is down 9.84% since April 22, 2016 and is uptrending. It has outperformed by 5.28% the S&P500.
More important recent Everyman Media Group PLC (LON:EMAN) news were published by: Theguardian.com which released: “Guardian Media Group appoints new chief financial officer” on December 07, 2015, also Theguardian.com published article titled: “Guardian Media Group plc (GMG) results for the financial year ended 3 April 2016”, Theguardian.com published: “Guardian Media Group plc (GMG) today announces its results for the financial …” on July 30, 2015. More interesting news about Everyman Media Group PLC (LON:EMAN) was released by: Theguardian.com and their article: “Guardian Media Group annual financial reports” with publication date: July 27, 2015.
Everyman Media Group plc is a United Kingdom holding company. The company has a market cap of 59.18 million GBP. The Firm is an independent cinema group in terms of cinema venues, screens and admissions. It currently has negative earnings. The Company’s divisions include film and entertainment, food and beverages, and other.
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