The stock of Edgewater Wireless Systems Inc (CVE:YFI) gapped up by $0.005 today and has $0.32 target or 3.00% above today’s $0.31 share price. The 5 months technical chart setup indicates low risk for the $41.71M company. The gap was reported on Nov, 25 by Barchart.com. If the $0.32 price target is reached, the company will be worth $1.25 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 114,292 shares traded hands. Edgewater Wireless Systems Inc (CVE:YFI) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
More recent Edgewater Wireless Systems Inc (CVE:YFI) news were published by: Marketwatch.com which released: “Edgewater Wireless Systems Announces Debt Conversion” on August 06, 2016. Also Investingnews.com published the news titled: “Andrew Skafel of Edgewater Wireless Systems Talks WiFi3 and the Internet of Things” on November 10, 2015. Prweb.com‘s news article titled: “Edgewater Wireless & WiFi3â„¢ Chosen for UpRampâ„¢ Fiterator Program” with publication date: August 08, 2016 was also an interesting one.
Edgewater Wireless Systems Inc. is a development-stage company. The company has a market cap of $41.71 million. The Firm is engaged in developing and commercializing technologies and intellectual property for the wireless communications market. It currently has negative earnings. The Firm provides wireless access points and associated peripheral equipment and services.
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