ALMADEX MINERALS LIMITED Has Another Very Positive Trading Session Recording a Gap Up

 ALMADEX MINERALS LIMITED Has Another Very Positive Trading Session Recording a Gap Up

The stock of ALMADEX MINERALS LIMITED (CVE:AMZ) gapped up by $0.02 today and has $1.53 target or 5.00% above today’s $1.46 share price. The 6 months technical chart setup indicates low risk for the $59.85M company. The gap was reported on Nov, 25 by Barchart.com. If the $1.53 price target is reached, the company will be worth $2.99M 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 27,525 shares traded hands. ALMADEX MINERALS LIMITED (CVE:AMZ) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

More news for ALMADEX MINERALS LIMITED (CVE:AMZ) were recently published by: Marketwired.com, which released: “Almadex Minerals Limited Sells Common Shares of Gold Mountain Mining Corp.” on July 07, 2016. Stockhouse.com‘s article titled: “Almadex Minerals Limited Grants Stock Options” and published on October 28, 2016 is yet another important article.

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