Does ACUITYADS HOLDINGS INC Have Any Gas After Today’s Gap Up?

 Does ACUITYADS HOLDINGS INC Have Any Gas After Today's Gap Up?

The stock of ACUITYADS HOLDINGS INC (CVE:AT) gapped up by $0.03 today and has $2.50 target or 4.00% above today’s $2.40 share price. The 9 months technical chart setup indicates low risk for the $60.13M company. The gap was reported on Nov, 28 by Barchart.com. If the $2.50 price target is reached, the company will be worth $2.41 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 17,100 shares traded hands. ACUITYADS HOLDINGS INC (CVE:AT) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

Another recent and important ACUITYADS HOLDINGS INC (CVE:AT) news was published by Marketwired.com which published an article titled: “AcuityAds Holdings Inc. Announces Start of Trading on TSXV” on July 22, 2014.

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