The stock of Duet Real Estate Finance Ltd (LON:DREF) gapped up by GBX 0.025 today and has GBX 7.19 target or 9.00% above today’s GBX 6.60 share price. The 9 months technical chart setup indicates low risk for the GBX 4.90 million company. The gap was reported on Nov, 29 by Barchart.com. If the GBX 7.19 price target is reached, the company will be worth GBX 441,000 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 4.49% or GBX 0.31 on November 29, hitting GBX 6.6. About 7,259 shares traded hands. Duet Real Estate Finance Ltd (LON:DREF) has declined 55.53% since May 2, 2016 and is downtrending. It has underperformed by 60.79% the S&P500.
Duet Real Estate Finance Limited is a closed-ended investment company. The company has a market cap of 4.90 million GBP. The Firm is a feeder fund and invests in the European Real Estate Debt Fund L.P. . It has a 2.43 P/E ratio. The Company’s objective when managing its capital is to follow its investment objective to provide shareholders, through its investment in the Master Fund, with regular dividends and an attractive total return whilst limiting downside risk to capital through exposure to European commercial real estate debt.
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