The stock of QUIZAM MEDIA CORPORATION (CVE:QQ) gapped down by $0.02 today and has $0.46 target or 9.00% below today’s $0.50 share price. The 8 months technical chart setup indicates high risk for the $4.26M company. The gap down was reported on Nov, 28 by Barchart.com. If the $0.46 price target is reached, the company will be worth $383,400 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 24,800 shares traded hands. QUIZAM MEDIA CORPORATION (CVE:QQ) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More news for QUIZAM MEDIA CORPORATION (CVE:QQ) were recently published by: Huffingtonpost.com, which released: “What The Peace Corps Taught Me About Failure” on November 17, 2011. Pbs.org‘s article titled: “Where Do You Fit? Introducing The Pew/NewsHour Political Party Quiz” and published on August 24, 2012 is yet another important article.
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