The stock of Rock Tech Lithium Inc (CVE:RCK) gapped down by $0.01 today and has $0.81 target or 3.00% below today’s $0.84 share price. The 7 months technical chart setup indicates high risk for the $20.17 million company. The gap down was reported on Nov, 25 by Barchart.com. If the $0.81 price target is reached, the company will be worth $605,100 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 23,100 shares traded hands. Rock Tech Lithium Inc (CVE:RCK) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
More important recent Rock Tech Lithium Inc (CVE:RCK) news were published by: Investingnews.com which released: “5 Top TSXV Stocks: Rock Tech Lithium and Azimut Up Over 65 Percent” on April 04, 2016, also Stockhouse.com published article titled: “Rock Tech Announces Private Placement”, Investingnews.com published: “Rock Tech Reports Assay Results from Georgia Lake Lithium Property” on November 14, 2016. More interesting news about Rock Tech Lithium Inc (CVE:RCK) was released by: Marketwired.com and their article: “Ultra Lithium Appoints Vice President Exploration” with publication date: August 08, 2016.
Rock Tech Lithium Inc. is a Canada-based mineral exploration company. The company has a market cap of $20.17 million. The Firm holds an interest in the Georgia Lake lithium project in the Thunder Bay Mining District of Ontario. It currently has negative earnings. The Georgia Lake project consists of approximately 80 leases and approximately 20 claims covering approximately 4,590hectares.
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