Atrium Mortgage Investment Corp Can’t Be More Safe. Trades Significantly Higher After A Gap Up

 Atrium Mortgage Investment Corp Can't Be More Safe. Trades Significantly Higher After A Gap Up

The stock of Atrium Mortgage Investment Corp (TSE:AI) gapped up by $0.1 today and has $13.08 target or 7.00% above today’s $12.22 share price. The 5 months technical chart setup indicates low risk for the $330.46 million company. The gap was reported on Nov, 28 by Barchart.com. If the $13.08 price target is reached, the company will be worth $23.13 million 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 11,236 shares traded hands. Atrium Mortgage Investment Corp (TSE:AI) has risen 4.22% since April 22, 2016 and is uptrending. It has underperformed by 1.79% the S&P500.

More recent Atrium Mortgage Investment Corp (TSE:AI) news were published by: Globenewswire.com which released: “Atrium Mortgage Investment Corporation Confirms Low Exposure to Urbancorp Projects” on May 17, 2016. Also Globenewswire.com published the news titled: “Atrium Mortgage Investment Corporation Announces October 2016 Dividend” on October 05, 2016. Globenewswire.com‘s news article titled: “Atrium Mortgage Investment Corporation Completes $35 Million Public Offering …” with publication date: September 23, 2014 was also an interesting one.

Atrium Mortgage Investment Corporation is a Canada non-bank lender. The company has a market cap of $330.46 million. The Firm invests in mortgages secured by residential, multi-residential and commercial real property located in Canada. It has a 13.04 P/E ratio. The Firm lends in urban centers.

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