It Seems PROBE METALS INC Will Go Down. Have Big Gap Down Today

 It Seems PROBE METALS INC Will Go Down. Have Big Gap Down Today

The stock of PROBE METALS INC (CVE:PRB) gapped down by $0.04 today and has $1.01 target or 6.00% below today’s $1.07 share price. The 8 months technical chart setup indicates high risk for the $99.13M company. The gap down was reported on Nov, 23 by Barchart.com. If the $1.01 price target is reached, the company will be worth $5.95M 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 107,400 shares traded hands or 96.98% up from the average. PROBE METALS INC (CVE:PRB) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

More notable recent PROBE METALS INC (CVE:PRB) news were published by: Marketwired.com which released: “Probe Metals Inc. Commences Trading on the TSX Venture Exchange Under the …” on March 17, 2015, also Marketwired.com with their article: “Probe Metals Increases Equity Financing to $13.38 Million” published on July 11, 2016, Marketwired.com published: “Probe Metals Commences 10000 Metre Drilling Program at Val-d’Or East, Quebec” on August 10, 2016. More interesting news about PROBE METALS INC (CVE:PRB) were released by: Marketwired.com and their article: “Probe Metals Announces Closing of Oversubscribed $14.6 Million Financing” published on August 17, 2016 as well as Marketwired.com‘s news article titled: “Probe Metals Announces Graduation to Tier 1 of the TSX Venture Exchange” with publication date: March 02, 2016.

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.

Related posts

Leave a Comment