Time to Sell Lingo Media Corporation After Today’s Gap Down?

 Time to Sell Lingo Media Corporation After Today's Gap Down?

The stock of Lingo Media Corporation (CVE:LM) gapped down by $0.005 today and has $0.30 target or 3.00% below today’s $0.31 share price. The 9 months technical chart setup indicates high risk for the $10.68M company. The gap down was reported on Nov, 23 by Barchart.com. If the $0.30 price target is reached, the company will be worth $320,400 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 434,350 shares traded hands or 389.83% up from the average. Lingo Media Corporation (CVE:LM) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

More notable recent Lingo Media Corporation (CVE:LM) news were published by: Midasletter.com which released: “Small Cap Discoveries Editor Paul Andreola on Lingo Media Corp (CVE:LM …” on January 12, 2016, also Seekingalpha.com with their article: “Lingo Media: High Growth Education Technology At A Fair Price” published on May 09, 2016, Midasletter.com published: “Lingo Media Corporation CEO Michael Kraft Takes on Rosetta Stone Inc. (RST)” on September 29, 2015. More interesting news about Lingo Media Corporation (CVE:LM) were released by: Midasletter.com and their article: “Lingo Media Deal with SENA is a Breakthrough Milestone” published on November 16, 2015 as well as Midasletter.com‘s news article titled: “Lingo Media Corporation COO Gali Bar-Ziv on Beating Rosetta Stone Inc. in …” with publication date: October 14, 2015.

Lingo Media Corporation is a global EdTech company. The company has a market cap of $10.68 million. By integrating education and technology, the Company empowers English language educators to easily transition from traditional teaching methods to digital learning. It has a 5.06 P/E ratio. The Firm provides both online and print solutions through two business units: ELL Technologies and Lingo Learning.

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