RenoWorks Software Inc. Stock Price Gaps Up Today; Buyers Are Thriving

 RenoWorks Software Inc. Stock Price Gaps Up Today; Buyers Are Thriving

The stock of RenoWorks Software Inc. (CVE:RW) gapped up by $0.01 today and has $0.33 target or 5.00% above today’s $0.31 share price. The 5 months technical chart setup indicates low risk for the $10.56M company. The gap was reported on Nov, 28 by Barchart.com. If the $0.33 price target is reached, the company will be worth $528,000 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 last traded at $0.31 per share. It is up 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

More notable recent RenoWorks Software Inc. (CVE:RW) news were published by: Marketwired.com which released: “RenoWorks and HOVER Enter into Strategic Alliance” on January 12, 2015, also Marketwired.com with their article: “Renoworks Announces 2016 Second Quarter Financial Results and Names New CFO” published on August 24, 2016, Marketwired.com published: “Renoworks Announces Launch of Renoworks PRO(TM)” on March 08, 2016. More interesting news about RenoWorks Software Inc. (CVE:RW) were released by: Marketwired.com and their article: “Renoworks Announces New Enterprise Technology and Exercising of Options” published on November 03, 2016 as well as Digitaljournal.com‘s news article titled: “Renoworks Announces 2016 Third Quarter Financial Results” with publication date: October 19, 2016.

RenoWorks Software Inc. develops and distributes digital visualization software for the renovation and new home construction sectors, primarily in the United States and Canada. The company has a market cap of $10.56 million. The Firm provides its technology to manufacturers, contractors, builders and retailers. It currently has negative earnings. RenoWorks markets its software as a generation tool from three business lines: enterprise, RenoWorks PRO and its Software Development Kit .

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