What’s Ahead for Digital Barriers PLC After Today’s Gap Down?

 What's Ahead for Digital Barriers PLC After Today's Gap Down?

The stock of Digital Barriers PLC (LON:DGB) gapped down by GBX 0.66 today and has GBX 34.96 target or 8.00% below today’s GBX 38.00 share price. The 5 months technical chart setup indicates high risk for the GBX 62.04M company. The gap down was reported on Nov, 29 by Barchart.com. If the GBX 34.96 price target is reached, the company will be worth GBX 4.96M 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 12.64% or GBX 5.5 on November 29, hitting GBX 38. About 225,401 shares traded hands or 675.59% up from the average. Digital Barriers PLC (LON:DGB) has declined 16.13% since May 2, 2016 and is downtrending. It has underperformed by 21.39% the S&P500.

More recent Digital Barriers PLC (LON:DGB) news were published by: Prnewswire.com which released: “Frost & Sullivan Lauds Digital Barriers for its Novel ThruVision Technology …” on June 28, 2016. Also Bizjournals.com published the news titled: “U.K. company buys Ashburn contractor for $25M as peers seek to flee U.S …” on December 18, 2015. Wsj.com‘s news article titled: “Airports Look at Technology to Extend Security” with publication date: March 30, 2016 was also an interesting one.

Digital Barriers plc is a provider of visually intelligent solutions to the global surveillance, security and safety markets. The company has a market cap of 62.04 million GBP. The Firm operates through Solutions segment, which is focused on the surveillance market. It currently has negative earnings. This covers image and data capture , a range of processing and enhancement techniques (thermal image processing, image stabilization and enhancing low light performance), image transmission (both wired and wireless technologies) and a range of analytics algorithms.

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