International Road Dynamics Inc.’s Big Gap Up Today Points to Less Stock Risks

 International Road Dynamics Inc.'s Big Gap Up Today Points to Less Stock Risks

The stock of International Road Dynamics Inc. (TSE:IRD) gapped up by $0.03 today and has $2.70 target or 6.00% above today’s $2.55 share price. The 5 months technical chart setup indicates low risk for the $38.74M company. The gap was reported on Nov, 24 by Barchart.com. If the $2.70 price target is reached, the company will be worth $2.32 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%. About 27,700 shares traded hands. International Road Dynamics Inc. (TSE:IRD) has risen 77.54% since April 20, 2016 and is uptrending. It has outperformed by 72.13% the S&P500.

More news for International Road Dynamics Inc. (TSE:IRD) were recently published by: Theglobeandmail.com, which released: “Why I like this microcap play on automated highway systems” on November 30, 2015. Cbc.ca‘s article titled: “Saskatoon company tests new tire pressure technology” and published on January 23, 2015 is yet another important article.

International Road Dynamics Inc. is a Canada firm engaged in providing integrated systems and solutions for the Intelligent Transportation Systems (ITS) Industry. The company has a market cap of $38.74 million. The Company’s segment is engaged in design, hardware and software development, manufacturing and integration of products and systems for traffic flows. It has a 12.81 P/E ratio. The Company’s products include counters and classifiers, axle sensors and grout, IRD DYNAX Treadles, portable axle weighers, access control and security, software, traffic products, weigh-in-motion (WIM) controllers and WIM systems.

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