The stock of Directa Plus PLC (LON:DCTA) gapped down by GBX 1 today and has GBX 114.95 target or 5.00% below today’s GBX 121.00 share price. The 9 months technical chart setup indicates high risk for the GBX 55.06 million company. The gap down was reported on Nov, 22 by Barchart.com. If the GBX 114.95 price target is reached, the company will be worth GBX 2.75M 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 decreased 3.59% or GBX 4.5 on November 22, hitting GBX 121. About 21,500 shares traded hands or 111.76% up from the average. Directa Plus PLC (LON:DCTA) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
Another recent and important Directa Plus PLC (LON:DCTA) news was published by Businesswire.com which published an article titled: “Directa Plus launches graphene-based 3D printing material” on September 26, 2016.
Directa Plus PLC, formerly Directa Plus Limited, produces and supplies grapheme products for use in consumer and industrial market. The company has a market cap of 55.06 million GBP. It markets engineered graphene materials under Graphene Plus (G+) brand, which are used by third parties in a range of industrial and commercial applications. It currently has negative earnings. It offers a range of graphene products, including Grafysorber (Basic G+), Ultra G+, Liquid G+, Paste G+, Pure G+ and Zapp G+.
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