The stock of Advent Wireless Inc (CVE:AWI) gapped down by $0.01 today and has $1.02 target or 9.00% below today’s $1.12 share price. The 8 months technical chart setup indicates high risk for the $12.80M company. The gap down was reported on Nov, 25 by Barchart.com. If the $1.02 price target is reached, the company will be worth $1.15 million 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%. About 10,500 shares traded hands or 164.48% up from the average. Advent Wireless Inc (CVE:AWI) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
More notable recent Advent Wireless Inc (CVE:AWI) news were published by: Prnewswire.com which released: “inVentiv Health Announces Significant Investment From Advent International” on August 01, 2016, also Globenewswire.com with their article: “Enterprise Mobility Market is forecast to grow at a CAGR of 24.7% by 2022 …” published on September 27, 2016, Wsj.com published: “Verizon Tops Pack of Suitors Chasing Yahoo” on April 18, 2016. More interesting news about Advent Wireless Inc (CVE:AWI) were released by: Money.Cnn.com and their article: “Inventor of the cell phone says this is the next big thing” published on May 09, 2016 as well as Nasdaq.com‘s news article titled: “AT&T’s (T) DirecTV Now Service Slated for Launch on Nov 28” with publication date: November 21, 2016.
Advent Wireless Inc. , together with its subsidiaries, is an independent specialty retailer of personal wireless and wireline communication services and products. The company has a market cap of $12.80 million. The Firm operates through the segment of providing personal communications services and products to clients in Canada. It has a 12.23 P/E ratio. The Firm subsidiaries include Am-Call Wireless Inc. (AmCall), Advent Marketing Inc. and 1013929 BC Ltd.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.