The stock of Interquest Group plc (LON:ITQ) gapped down by GBX 0.34 today and has GBX 33.65 target or 6.00% below today’s GBX 35.80 share price. The 9 months technical chart setup indicates high risk for the GBX 13.43M company. The gap down was reported on Nov, 22 by Barchart.com. If the GBX 33.65 price target is reached, the company will be worth GBX 805,800 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 1.92% or GBX 0.7 on November 22, hitting GBX 35.8. About 38,205 shares traded hands. Interquest Group plc (LON:ITQ) has declined 59.88% since April 26, 2016 and is downtrending. It has underperformed by 64.44% the S&P500.
Another recent and important Interquest Group plc (LON:ITQ) news was published by Uk.Finance.Yahoo.com which published an article titled: “Interquest Group PLC (ITQ.L)” on February 01, 2001.
InterQuest Group plc is a United Kingdom specialist technology recruitment company. The company has a market cap of 13.43 million GBP. The Firm offers permanent and contract recruitment in various markets, such as digital, information security, analytics, telecommunications and change management. It currently has negative earnings. The Company’s divisions are Niche, which includes recruitment practices focused on analytics, business intelligence, cyber security, Internet of things, telecommunications and risk; ECOM Recruitment Limited, which is a recruiter in the digital market space; Enterprise, which includes Recruitment Process Outsourcing services together with legacy client relationships with clients in the financial services and retail sectors; Public sector; Business Change, which is a candidate centric spot business focused on change management and providing the Company with an alternative route to market, and Other.
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