The stock of Gaming Nation Inc (CVE:FAN) gapped up by $0.02 today and has $0.53 target or 8.00% above today’s $0.49 share price. The 8 months technical chart setup indicates low risk for the $17.05 million company. The gap was reported on Nov, 23 by Barchart.com. If the $0.53 price target is reached, the company will be worth $1.36M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 25,024 shares traded hands. Gaming Nation Inc (CVE:FAN) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
More notable recent Gaming Nation Inc (CVE:FAN) news were published by: Marketwired.com which released: “Gaming Nation Inc. Announces Cancellation of Stock Options” on July 29, 2016, also Marketwired.com with their article: “Gaming Nation Inc. Announces Resignation of Director” published on March 15, 2016, Marketwired.com published: “Gaming Nation Inc. to Release Q2 2016 Financial Results on August 23, 2016 and …” on August 02, 2016. More interesting news about Gaming Nation Inc (CVE:FAN) were released by: Marketwired.com and their article: “Gaming Nation Inc. Acquires Interest in DMi, Inc.” published on March 10, 2016 as well as Marketwired.com‘s news article titled: “Gaming Nation Inc. Announces Q3 2015 Financial Results” with publication date: November 17, 2015.
Gaming Nation Inc., formerly Oceanside Capital Corp., is a Canada company, which is focused on the acquisition and operation of companies in the online and mobile sports gaming sector and operates through its subsidiaries. The company has a market cap of $17.05 million. The Company’s divisions include Sports Intelligence, Fantasy, 5050 Central and Corporate. It currently has negative earnings. The Sports Intelligence segment consists of the operating results of Stevo Design, Inc. and Guru Fantasy Reports, Inc. (Fantasy Guru).
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