Is Quorum Information Technologies Inc a Buy? The Stock Gapped Up Today

 Is Quorum Information Technologies Inc a Buy? The Stock Gapped Up Today

The stock of Quorum Information Technologies Inc (CVE:QIS) gapped up by $0.01 today and has $0.66 target or 9.00% above today’s $0.61 share price. The 7 months technical chart setup indicates low risk for the $32.09M company. The gap was reported on Nov, 28 by Barchart.com. If the $0.66 price target is reached, the company will be worth $2.89 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 25,000 shares traded hands or 31.65% up from the average. Quorum Information Technologies Inc (CVE:QIS) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

More important recent Quorum Information Technologies Inc (CVE:QIS) news were published by: Marketwired.com which released: “Quorum Information Technologies and Xtime Announce Partnership” on October 13, 2016, also Marketwired.com published article titled: “Quorum Information Technologies Appoints Daniela Trnka as Investor Relations …”, Marketwired.com published: “Quorum Information Technologies Announces Dealer Results” on May 10, 2016. More interesting news about Quorum Information Technologies Inc (CVE:QIS) was released by: Marketwired.com and their article: “Quorum Information Technologies Announces Mobile DMS Strategy” with publication date: March 31, 2016.

Quorum Information Technologies Inc

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