The stock of Dolphin Capital Investors Limited (LON:DCI) gapped up by GBX 0.025 today and has GBX 8.26 target or 8.00% above today’s GBX 7.65 share price. The 6 months technical chart setup indicates low risk for the GBX 69.86 million company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 8.26 price target is reached, the company will be worth GBX 5.59 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 3.73% or GBX 0.28 on November 24, hitting GBX 7.65. About 120,365 shares traded hands. Dolphin Capital Investors Limited (LON:DCI) has declined 11.94% since April 14, 2016 and is downtrending. It has underperformed by 17.35% the S&P500.
Dolphin Capital Investors Limited is an investor and developer of residential resorts. The company has a market cap of 69.86 million GBP. The Firm has two divisions: the Hotel & leisure operations, and Construction & development divisions. It currently has negative earnings. The Company’s portfolio is spread across approximately 57 million square meters of coastal developable land in Greece, Cyprus, Croatia, Turkey, the Dominican Republic and Panama.
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