The stock of London & Associated Properties plc (LON:LAS) gapped up by GBX 0.88 today and has GBX 22.79 target or 4.00% above today’s GBX 21.91 share price. The 8 months technical chart setup indicates low risk for the GBX 18.74 million company. The gap was reported on Nov, 23 by Barchart.com. If the GBX 22.79 price target is reached, the company will be worth GBX 749,600 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%. The stock decreased 0.43% or GBX 0.09 on November 23, hitting GBX 21.91. About 9,566 shares traded hands. London & Associated Properties plc (LON:LAS) has declined 15.38% since April 26, 2016 and is downtrending. It has underperformed by 20.71% the S&P500.
More news for London & Associated Properties plc (LON:LAS) were recently published by: Uk.Finance.Yahoo.com, which released: “PEG Ratio (5 yr expected):” on November 21, 2010. Reuters.com‘s article titled: “BRIEF-CBL & Associates Properties reports Q3 2016 results” and published on October 27, 2016 is yet another important article.
London & Associated Properties PLC is engaged in property investment and development, as well as investment in joint ventures and an associated company, Bisichi Mining PLC (Bisichi). The company has a market cap of 18.74 million GBP. The Firm invests in the United Kingdom shopping centers and retail property whilst also manages property assets for institutional clients. It currently has negative earnings. The Company’s business divisions include LAP operations, Bisichi activities and Dragon operations.
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.