The stock of Future plc (LON:FUTR) gapped up by GBX 0.172 today and has GBX 10.24 target or 5.00% above today’s GBX 9.75 share price. The 5 months technical chart setup indicates low risk for the GBX 53.47 million company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 10.24 price target is reached, the company will be worth GBX 2.67M 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%. The stock increased 8.33% or GBX 0.75 on November 28, hitting GBX 9.75. About 763,071 shares traded hands or 316.86% up from the average. Future plc (LON:FUTR) has risen 12.79% since April 29, 2016 and is uptrending. It has outperformed by 6.78% the S&P500.
More news for Future plc (LON:FUTR) were recently published by: Techcrunch.com, which released: “Future Publishing buys Imagine for $21m, broadening number of titles” on June 23, 2016. Uk.Finance.Yahoo.com‘s article titled: “PEG Ratio (5 yr expected):” and published on March 16, 2014 is yet another important article.
Future plc is a United Kingdom-based media group and digital publishing company. The company has a market cap of 53.47 million GBP. The Firm focuses on areas, which include Technology, Games and Film, Music, Photography and Creative. It currently has negative earnings. The Firm has activities in the United Kingdom, the United States and Australia.
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