The stock of Goals Soccer Centres plc (LON:GOAL) gapped down by GBX 2 today and has GBX 88.61 target or 4.00% below today’s GBX 92.30 share price. The 6 months technical chart setup indicates high risk for the GBX 70.13 million company. The gap down was reported on Nov, 29 by Barchart.com. If the GBX 88.61 price target is reached, the company will be worth GBX 2.81M 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 decreased 6.29% or GBX 6.2 on November 29, hitting GBX 92.3. About 10,344 shares traded hands. Goals Soccer Centres plc (LON:GOAL) has declined 2.65% since May 2, 2016 and is downtrending. It has underperformed by 7.91% the S&P500.
Goals Soccer Centres plc (LON:GOAL) Ratings Coverage
Out of 2 analysts covering Goals Soccer Centres PLC (LON:GOAL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Goals Soccer Centres PLC has been the topic of 8 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained it with “Buy” rating and GBX 240 target price in Friday, July 24 report. The company was maintained on Monday, November 9 by Canaccord Genuity. On Friday, July 31 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by N+1 Singer on Monday, November 9 with “Sell”. The firm has “Hold” rating by Canaccord Genuity given on Thursday, January 14. The firm earned “Buy” rating on Tuesday, September 13 by Canaccord Genuity. The rating was maintained by Canaccord Genuity on Tuesday, May 31 with “Buy”. N+1 Singer upgraded Goals Soccer Centres plc (LON:GOAL) rating on Monday, November 16. N+1 Singer has “Buy” rating and GBX 150 price target.
Goals Soccer Centres plc is a United Kingdom firm engaged in the operation of outdoor soccer centers. The company has a market cap of 70.13 million GBP. The Firm operates in the United Kingdom and United States, and operates in the operation of soccer centers segment. It currently has negative earnings. The Firm offers 5-a-side soccer centers across approximately 50 centers in the United Kingdom and one in Los Angeles, the United States.
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