The stock of Wey Education PLC (LON:WEY) gapped up by GBX 0.062 today and has GBX 4.00 target or 8.00% above today’s GBX 3.70 share price. The 6 months technical chart setup indicates low risk for the GBX 3.39 million company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 4.00 price target is reached, the company will be worth GBX 271,200 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 6.35% or GBX 0.22 on November 28, hitting GBX 3.7. About 81,181 shares traded hands or 181.62% up from the average. Wey Education PLC (LON:WEY) has declined 8.57% since April 28, 2016 and is downtrending. It has underperformed by 14.59% the S&P500.
Another recent and important Wey Education PLC (LON:WEY) news was published by Reuters.com which published an article titled: “BRIEF-Wey Education names Jacqueline Daniell exec director” on December 01, 2014.
Wey Education plc is a United Kingdom company. The company has a market cap of 3.39 million GBP.
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