Is Wilton Resources Inc a Sell? The Stock Gapped Down Today

 Is Wilton Resources Inc a Sell? The Stock Gapped Down Today

The stock of Wilton Resources Inc (CVE:WIL) gapped down by $0.04 today and has $0.63 target or 3.00% below today’s $0.65 share price. The 9 months technical chart setup indicates high risk for the $28.29M company. The gap down was reported on Nov, 22 by If the $0.63 price target is reached, the company will be worth $848,700 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 26,000 shares traded hands or 133.81% up from the average. Wilton Resources Inc (CVE:WIL) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.

More notable recent Wilton Resources Inc (CVE:WIL) news were published by: which released: “Wilton Resources Inc. Announces Grant of Stock Options” on October 31, 2016, also with their article: “Wilton Resources Inc.” published on April 16, 2016, published: “Wilton Resources Inc. Announces Warrant Extension” on September 07, 2016. More interesting news about Wilton Resources Inc (CVE:WIL) were released by: and their article: “Wilton Resources Inc. Announces Additional Exemption to Private Placement …” published on March 24, 2016 as well as‘s news article titled: “Uranium Resources Announces Receipt of $250000 Extension Payment” with publication date: October 24, 2016.

Wilton Resources Inc. is an oil and natural gas exploration and development firm with activities in Canada. The company has a market cap of $28.29 million. The Firm is engaged in the process of acquiring gas and oil properties in various international locations, including the Middle East and Africa. It currently has negative earnings. The Firm has approximately 70% non-operated working interest in a producing oil and natural gas well located at 102/13-10-035-05-W4/00 in Monitor, Alberta.

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