The stock of DealNet Capital Corp (CVE:DLS) gapped up by $0.01 today and has $0.60 target or 8.00% above today’s $0.56 share price. The 8 months technical chart setup indicates low risk for the $149.11M company. The gap was reported on Nov, 28 by Barchart.com. If the $0.60 price target is reached, the company will be worth $11.93M 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 524,028 shares traded hands or 74.70% up from the average. DealNet Capital Corp (CVE:DLS) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More notable recent DealNet Capital Corp (CVE:DLS) news were published by: Midasletter.com which released: “DealNet Capital Corp Provides Financing for Canadian HVAC Buyers” on October 20, 2015, also Marketwired.com with their article: “Dealnet Reports Continued Growth in Consumer Finance Receivables Driven by …” published on August 29, 2016, Marketwired.com published: “Dealnet Enters Strategic Alliance Agreement with Global HVAC Manufacturer” on May 24, 2016. More interesting news about DealNet Capital Corp (CVE:DLS) were released by: Marketwired.com and their article: “DealNet Announces Results of 2015 Annual and Special Meeting of Shareholders” published on October 23, 2015 as well as Marketwired.com‘s news article titled: “DealNet Acquires Impact Mobile” with publication date: July 02, 2014.
DealNet Capital Corp. is a specialty finance company. The company has a market cap of $149.11 million. The Firm is focused on the origination and servicing of consumer loans and leases within the Canadian home improvement sector. It currently has negative earnings. The Firm operates through three divisions: Live Engagement, Mobile Engagement services and Consumer Financing.
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