The stock of Aew UK Reit PLC (LON:AEWU) gapped down by GBX 0.375 today and has GBX 89.75 target or 7.00% below today’s GBX 96.50 share price. The 9 months technical chart setup indicates high risk for the GBX 118.87M company. The gap down was reported on Nov, 24 by Barchart.com. If the GBX 89.75 price target is reached, the company will be worth GBX 8.32M 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 increased 0.13% or GBX 0.12 on November 24, hitting GBX 96.5. About 65,157 shares traded hands or 7.50% up from the average. Aew UK Reit PLC (LON:AEWU) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
Another recent and important Aew UK Reit PLC (LON:AEWU) news was published by Ft.com which published an article titled: “London estate agent’s IPO to raise £100m for Reit” on March 07, 2014.
AEW UK REIT plc is a closed-ended real estate investment trust . The company has a market cap of 118.87 million GBP. The Company’s investment objective is to deliver an attractive total return to shareholders from investing predominantly in a portfolio of smaller commercial properties in the United Kingdom. It has a 14.39 P/E ratio. The Firm invests in freehold and leasehold properties across the whole spectrum of the commercial property sector, such as office properties, retail warehouses, high street retail and industrial/warehouse properties, to achieve a balanced portfolio with a diversified tenant base.
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