The stock of JD Sports Fashion PLC (LON:JD) gapped down by GBX 1236.6 today and has GBX 321.02 target or 3.00% below today’s GBX 330.95 share price. The 8 months technical chart setup indicates high risk for the GBX 644.18 million company. The gap down was reported on Nov, 28 by Barchart.com. If the GBX 321.02 price target is reached, the company will be worth GBX 19.33M 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%. The stock increased 3.62% or GBX 11.55 on November 28, hitting GBX 330.95. About 1.19M shares traded hands or 415.19% up from the average. JD Sports Fashion PLC (LON:JD) has risen 27.86% since April 29, 2016 and is uptrending. It has outperformed by 21.85% the S&P500.
JD Sports Fashion PLC (LON:JD) Ratings Coverage
Out of 8 analysts covering JD Sports Fashion PLC (LON:JD), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. JD Sports Fashion PLC has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Thursday, January 14 the stock rating was maintained by Cantor Fitzgerald with “Buy”. Peel Hunt maintained JD Sports Fashion PLC (LON:JD) rating on Monday, November 28. Peel Hunt has “Buy” rating and GBX 1650 price target. The rating was maintained by Beaufort Securities with “Buy” on Wednesday, September 14. The stock of JD Sports Fashion PLC (LON:JD) has “Buy” rating given on Friday, July 31 by Canaccord Genuity. The rating was upgraded by Peel Hunt to “Buy” on Wednesday, April 27. The firm has “Buy” rating by Panmure Gordon given on Wednesday, September 16. Beaufort Securities maintained JD Sports Fashion PLC (LON:JD) on Friday, April 15 with “Buy” rating. The stock has “Buy” rating given by Investec on Friday, March 4. Investec maintained the stock with “Buy” rating in Monday, November 28 report. The stock of JD Sports Fashion PLC (LON:JD) earned “Buy” rating by Cantor Fitzgerald on Monday, November 28.
More recent JD Sports Fashion PLC (LON:JD) news were published by: Fool.Co.Uk which released: “Are JD Sports Fashion plc, John Wood Group plc and UBM plc ‘screaming buys …” on June 17, 2016. Also Bloomberg.com published the news titled: “JD Sports Leaves Ashley Trailing With ‘Astonishing’ Growth” on September 13, 2016. Fool.Co.Uk‘s news article titled: “Should you stick with MASSIVE gainers JD Sports Fashion plc, Domino’s Pizza …” with publication date: June 13, 2016 was also an interesting one.
JD Sports Fashion Plc is a multichannel retailer of sports fashion and outdoor brands. The company has a market cap of 644.18 million GBP. The Company’s divisions are Sports Fashion and Outdoor. It has a 5.31 P/E ratio. The Company’s sports fashion brands include JD, Size?, Chausport, Sprinter, Getthelabel.com, Kooga, Kukri Sports, Source Lab, Scotts, Tessuti, Cloggs, JD Gyms and Nicholas Deakins.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.