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 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: which released: “Avante Logixx Inc. Announces Results for the Quarter Ended September 30, 2016 …” on November 24, 2016, also with their article: “BRIEF-Avante Logixx qtrly revenue $5 mln vs $3.5 mln” published on November 24, 2016, 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: and their article: “Avante Logixx Inc. Announces Director Nominees for Annual and Special Meeting” published on August 08, 2016 as well as‘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.

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