Joules Group PLC Draws Bullish Attention After Its Gap Up Today

 Joules Group PLC Draws Bullish Attention After Its Gap Up Today

The stock of Joules Group PLC (LON:JOUL) gapped up by GBX 2 today and has GBX 199.81 target or 6.00% above today’s GBX 188.50 share price. The 7 months technical chart setup indicates low risk for the GBX 162.61 million company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 199.81 price target is reached, the company will be worth GBX 9.76 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 increased 1.34% or GBX 2.5 on November 24, hitting GBX 188.5. About 97,785 shares traded hands or 88.97% up from the average. Joules Group PLC (LON:JOUL) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

Joules Group PLC (LON:JOUL) Ratings Coverage

Out of 4 analysts covering Joules Group Plc (LON:JOUL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Joules Group Plc has been the topic of 8 analyst reports since June 22, 2016 according to StockzIntelligence Inc. Peel Hunt maintained the shares of JOUL in a report on Thursday, September 8 with “Buy” rating. As per Thursday, November 17, the company rating was maintained by Liberum Capital. The firm has “Buy” rating by FinnCap given on Friday, November 4. The rating was maintained by FinnCap on Wednesday, September 7 with “Buy”.

Joules Group PLC is engaged in the design and sale of lifestyle clothing, related accessories and a homeware range, through the multi-channel business structure embracing retail stores, e-commerce, county shows and events and wholesale. The company has a market cap of 162.61 million GBP. The Firm has three divisions: Retail, Wholesale and Other. It currently has negative earnings. The Retail segment includes sales and costs relevant to Stores, E-commerce, Shows and Franchises.

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