After Today’s Gap Up, Is Active Energy Group PLC’s Near-Term Analysis Positive

 After Today's Gap Up, Is Active Energy Group PLC's Near Term Analysis Positive

The stock of Active Energy Group PLC (LON:AEG) gapped up by GBX 0.05 today and has GBX 3.04 target or 9.00% above today’s GBX 2.79 share price. The 7 months technical chart setup indicates low risk for the GBX 18.34M company. The gap was reported on Nov, 29 by Barchart.com. If the GBX 3.04 price target is reached, the company will be worth GBX 1.65 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%. The stock decreased 4.68% or GBX 0.14 on November 29, hitting GBX 2.79. About 691,504 shares traded hands. Active Energy Group PLC (LON:AEG) has declined 39.78% since May 2, 2016 and is downtrending. It has underperformed by 45.04% the S&P500.

Active Energy Group PLC (LON:AEG) Ratings Coverage

Out of 2 analysts covering Active Energy Group (LON:AEG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Active Energy Group has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by WH Ireland with “Buy” on Friday, July 31. Northland Capital maintained Active Energy Group PLC (LON:AEG) on Thursday, November 24 with “Corporate” rating. The rating was maintained by WH Ireland with “Buy” on Tuesday, September 29. The rating was maintained by Northland Capital with “Corporate” on Monday, November 28. The rating was maintained by Northland Capital on Monday, September 26 with “Corporate”. The stock of Active Energy Group PLC (LON:AEG) has “Corporate” rating given on Wednesday, November 2 by Northland Capital. The rating was maintained by Northland Capital with “Corporate” on Wednesday, August 3. The stock of Active Energy Group PLC (LON:AEG) earned “Corporate” rating by Northland Capital on Wednesday, June 29. Northland Capital maintained Active Energy Group PLC (LON:AEG) on Wednesday, July 20 with “Corporate” rating. The firm earned “Buy” rating on Friday, September 18 by WH Ireland.

Another recent and important Active Energy Group PLC (LON:AEG) news was published by Uk.Finance.Yahoo.com which published an article titled: “Active Energy Group PLC (AEG.L)” on March 29, 2014.

Active Energy Group Plc is a supplier of industrial wood chip for Medium-Density Fiberboard manufacturing and Biomass for Energy (BFE) power generation, second-generation BFE fuel solutions and systems, and global forestry and natural resources development services. The company has a market cap of 18.34 million GBP. The Company’s divisions include MDF Wood Chip, which includes wood chip processing and supply business division; Forestry & Natural Resources, which includes the Company’s initiatives to secure ownership of the entire timber supply chain from forest to finished product, and BFE Fuel Solutions, which includes the Company’s renewable Biomass for Energy fuel division, which engages in development of second-generation BFE fuel solutions and systems. It currently has negative earnings. The Company’s divisions that operate as independent business units include AEG CoalSwitch, AEG WoodFibre and AEG TimberLands.

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