Strategem Capital Corp Just Recorded A Sigfniciant Gap Up

 Strategem Capital Corp Just Recorded A Sigfniciant Gap Up

The stock of Strategem Capital Corp (CVE:SGE) gapped up by $0.37 today and has $1.99 target or 6.00% above today’s $1.88 share price. The 9 months technical chart setup indicates low risk for the $6.60 million company. The gap was reported on Nov, 25 by Barchart.com. If the $1.99 price target is reached, the company will be worth $396,000 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 6,300 shares traded hands or 48361.54% up from the average. Strategem Capital Corp (CVE:SGE) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

More notable recent Strategem Capital Corp (CVE:SGE) news were published by: Marketwired.com which released: “Strategem Announces Normal Course Issuer Bid” on June 24, 2016, also Theglobeandmail.com with their article: “The Globe and Mail” published on May 20, 2009, Investorintel.com published: “Ecclestone’s Mining Post-Mortems: How the Mighty Have Fallen” on June 25, 2015. More interesting news about Strategem Capital Corp (CVE:SGE) were released by: Theguardian.com and their article: “Capital gains tax cut gives £3000 to rich 0.3%, says Labour” published on March 27, 2016 as well as Wsj.com‘s news article titled: “The End of the Line For Famed Exchange” with publication date: June 18, 2012.

Strategem Capital Corporation is a Canada merchant bank involved in acquiring interests in and developing companies. The company has a market cap of $6.60 million. The Firm is engaged in pursuing equity investments and obtaining equity and/or debt financing as required to fund the search for and acquisition of such investments. It has a 2.6 P/E ratio.

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