The stock of Creightons plc (LON:CRL) gapped up by GBX 0.5 today and has GBX 16.64 target or 6.00% above today’s GBX 15.70 share price. The 5 months technical chart setup indicates low risk for the GBX 9.39M company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 16.64 price target is reached, the company will be worth GBX 563,400 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 0.32% or GBX 0.05 on November 24, hitting GBX 15.7. About 98,629 shares traded hands or 95.65% up from the average. Creightons plc (LON:CRL) has risen 84.85% since April 27, 2016 and is uptrending. It has outperformed by 79.44% the S&P500.
Another recent and important Creightons plc (LON:CRL) news was published by Uk.Finance.Yahoo.com which published an article titled: “Creightons plc (CRL.L)” on March 16, 2014.
Creightons plc is engaged in the development, marketing and manufacture of toiletries and fragrances. The company has a market cap of 9.39 million GBP. The Firm operates through three business streams: private label business, contract manufacturing business and branded business. It has a 11.03 P/E ratio. The Company’s private label business focuses on private label products for high street retailers and supermarket chains.
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