The stock of Founders Advantage Capital Corp (CVE:FCF) gapped down by $0.05 today and has $3.30 target or 7.00% below today’s $3.55 share price. The 9 months technical chart setup indicates high risk for the $173.44M company. The gap down was reported on Nov, 22 by Barchart.com. If the $3.30 price target is reached, the company will be worth $12.14M 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%. About 6,100 shares traded hands. Founders Advantage Capital Corp (CVE:FCF) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
More notable recent Founders Advantage Capital Corp (CVE:FCF) news were published by: Marketwired.com which released: “Founders Advantage Capital Corp. Announces Quarterly Results” on November 11, 2016, also Reuters.com with their article: “BRIEF-Founders Advantage Capital to buy 60 pct interest in fitness clubs” published on November 02, 2016, Marketwired.com published: “Founders Advantage Capital Corp. Announces Executive Appointment” on May 20, 2016. More interesting news about Founders Advantage Capital Corp (CVE:FCF) were released by: Marketwired.com and their article: “Founders Advantage Capital Corp. Completes Acquisition of a Majority Interest …” published on June 03, 2016 as well as Marketwired.com‘s news article titled: “Founders Advantage Capital Corp. Announces Letter of Intent to Acquire a 60 …” with publication date: November 02, 2016.
Founders Advantage Capital Corp., formerly FCF Capital Inc., is a Canada investment issuer. The company has a market cap of $173.44 million. The Firm is also a reporting issuer in the provinces of Alberta, British Columbia and Ontario. It currently has negative earnings. The Firm focuses on seeking returns by making investments in equity, debt or other securities of publicly traded companies or private businesses.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.