Is Avante Logixx Inc’s Fuel Running Low? The Stock Just Gapped Down

 Is Avante Logixx Inc's Fuel Running Low? The Stock Just Gapped Down

The stock of Avante Logixx Inc (CVE:XX) gapped down by $0.03 today and has $0.27 target or 7.00% below today’s $0.30 share price. The 6 months technical chart setup indicates high risk for the $24.05 million company. The gap down was reported on Nov, 25 by Barchart.com. If the $0.27 price target is reached, the company will be worth $1.68M 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 147,150 shares traded hands or 199.61% up from the average. Avante Logixx Inc (CVE:XX) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

More notable recent Avante Logixx Inc (CVE:XX) news were published by: Globenewswire.com which released: “Avante Logixx Inc. Announces Results for the Quarter Ended September 30, 2016 …” on November 24, 2016, also Reuters.com with their article: “BRIEF-Avante Logixx qtrly revenue $5 mln vs $3.5 mln” published on November 24, 2016, Finance.Yahoo.com published: “Avante Logixx Inc. to Release Results for Quarter Ended September 30, 2016 …” on November 23, 2016. More interesting news about Avante Logixx Inc (CVE:XX) were released by: Marketwired.com and their article: “Avante Logixx Inc. Announces Director Nominees for Annual and Special Meeting” published on August 08, 2016 as well as Marketwired.com‘s news article titled: “Avante Logixx Inc. Announces Results for the Quarter Ended June 30, 2016” with publication date: August 25, 2016.

Avante Logixx Inc. is engaged in development of technologies, products and solutions for personal, condominiums and commercial monitoring, and control applications. The company has a market cap of $24.05 million. The Firm operates through its subsidiaries, Avante Security Inc. , INTO ELECTRONICS Inc. (INTO) and LVS Inc. It has a 1092.59 P/E ratio. It provides a range of home and corporate security services ranging from system design, installations and monitoring to services, such as alarm response, patrols, secured transport, international travel advisory and incident planning.

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.

Related posts

Leave a Comment