Elderstreet VCT PLC Just Recorded A Sigfniciant Gap Up

 Elderstreet VCT PLC Just Recorded A Sigfniciant Gap Up

The stock of Elderstreet VCT PLC (LON:EDV) gapped up by GBX 1 today and has GBX 64.80 target or 8.00% above today’s GBX 60.00 share price. The 8 months technical chart setup indicates low risk for the GBX 23.37M company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 64.80 price target is reached, the company will be worth GBX 1.87 million 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 4.00% or GBX 2.5 on November 24, hitting GBX 60. About 10,325 shares traded hands or 399.03% up from the average. Elderstreet VCT PLC (LON:EDV) has declined 8.49% since April 27, 2016 and is downtrending. It has underperformed by 13.90% the S&P500.

Another recent and important Elderstreet VCT PLC (LON:EDV) news was published by Globenewswire.com which published an article titled: “Elderstreet VCT plc : Manager Update” on November 24, 2016.

Elderstreet VCT Plc is a United Kingdom venture capital trust . The company has a market cap of 23.37 million GBP. The Company’s principal investment objectives are to invest in a diversified portfolio of companies, focusing on smaller unquoted companies; pay annual dividends of between 4 and 5 pence per Ordinary share (subject to liquidity), and maintain its VCT status. It has a 9.16 P/E ratio. The Company’s investment portfolio includes venture capital investments and fixed income securities.

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