The stock of Dods Group PLC (LON:DODS) gapped up by GBX 0.15 today and has GBX 12.95 target or 4.00% above today’s GBX 12.45 share price. The 9 months technical chart setup indicates low risk for the GBX 42.43 million company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 12.95 price target is reached, the company will be worth GBX 1.70M 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 increased 4.84% or GBX 0.57 on November 24, hitting GBX 12.45. About 129,924 shares traded hands or 54.43% up from the average. Dods Group PLC (LON:DODS) has declined 0.99% since April 27, 2016 and is downtrending. It has underperformed by 6.40% the S&P500.
Another recent and important Dods Group PLC (LON:DODS) news was published by Uk.Finance.Yahoo.com which published an article titled: “Dods (Group) PLC (DODS.L)” on March 30, 2014.
Dods Plc is a United Kingdom content, media services and events firm delivering information and analysis across multiple platforms. The company has a market cap of 42.43 million GBP. The Company’s principal activity is the curation and aggregation of information and data and the provision of services through a combination of online information and digital services, training courses, conferences and events, publications and other media. It has a 23.76 P/E ratio. The Firm is engaged in the provision of information and insights into the political and public policy environments around the United Kingdom and European Union.
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