The stock of Founders Advantage Capital Corp (CVE:FCF) gapped up by $0.01 today and has $4.02 target or 3.00% above today’s $3.90 share price. The 5 months technical chart setup indicates low risk for the $143.21M company. The gap was reported on Nov, 29 by Barchart.com. If the $4.02 price target is reached, the company will be worth $4.30 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%. About 64,600 shares traded hands or 3.15% up from the average. Founders Advantage Capital Corp (CVE:FCF) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.
More notable recent Founders Advantage Capital Corp (CVE:FCF) news were published by: Business.Financialpost.com which released: “Founders Advantage Capital Corp a strong buy: Desjardins” on November 29, 2016, also Reuters.com with their article: “BRIEF-Founders Advantage Capital Corp announces quarterly results” published on November 11, 2016, Marketwired.com published: “Founders Advantage Capital Corp. Announces Quarterly Results” on November 11, 2016. More interesting news about Founders Advantage Capital Corp (CVE:FCF) were released by: Reuters.com and their article: “BRIEF-Founders Advantage Capital to buy 60 pct interest in fitness clubs” published on November 02, 2016 as well as Marketwired.com‘s news article titled: “Founders Advantage Capital Corp. Announces Executive Appointment” with publication date: May 20, 2016.
Founders Advantage Capital Corp., formerly FCF Capital Inc., is a Canada investment issuer. The company has a market cap of $143.21 million. The Firm is also a reporting issuer in the provinces of Alberta, British Columbia and Ontario. It currently has negative earnings. The Firm focuses on seeking returns by making investments in equity, debt or other securities of publicly traded companies or private businesses.
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