The stock of Fox Marble Holdings PLC (LON:FOX) gapped down by GBX 0.025 today and has GBX 8.64 target or 4.00% below today’s GBX 9.00 share price. The 8 months technical chart setup indicates high risk for the GBX 16.38M company. The gap down was reported on Nov, 24 by Barchart.com. If the GBX 8.64 price target is reached, the company will be worth GBX 655,200 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%. The stock decreased 4.00% or GBX 0.38 on November 24, hitting GBX 9. About 174,558 shares traded hands or 36.07% up from the average. Fox Marble Holdings PLC (LON:FOX) has declined 22.34% since April 27, 2016 and is downtrending. It has underperformed by 27.75% the S&P500.
More news for Fox Marble Holdings PLC (LON:FOX) were recently published by: Uk.Finance.Yahoo.com, which released: “Fox Marble Holdings PLC (FOX.L)” on April 11, 2013. Fool.Co.Uk‘s article titled: “Should You Buy Trinity Mirror plc, Keller Group plc Or Fox Marble Holdings PLC …” and published on August 03, 2015 is yet another important article.
Fox Marble Holdings plc is engaged in the exploitation of marble quarry reserves in the Republic of Kosovo and Republic of Macedonia. The company has a market cap of 16.38 million GBP. The Firm is focused on the extraction and processing of dimensional stone from quarries in Kosovo and South East Europe. It currently has negative earnings. Approximately four of the Company’s quarries are in operation at Cervenilla, Syrigane, Malesheva and Prilep producing over nine varieties of stone.
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