Bearish Gap Down for Kalibrate Technologies PLC After Worse Fundamentals

 Bearish Gap Down for Kalibrate Technologies PLC After Worse Fundamentals

The stock of Kalibrate Technologies PLC (LON:KLBT) gapped down by GBX 3 today and has GBX 64.64 target or 7.00% below today’s GBX 69.50 share price. The 7 months technical chart setup indicates high risk for the GBX 24.41 million company. The gap down was reported on Nov, 30 by Barchart.com. If the GBX 64.64 price target is reached, the company will be worth GBX 1.71 million 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 7.95% or GBX 6 on November 30, hitting GBX 69.5. About 284,467 shares traded hands or 22106.64% up from the average. Kalibrate Technologies PLC (LON:KLBT) has declined 17.26% since May 3, 2016 and is downtrending. It has underperformed by 22.49% the S&P500.

Another recent and important Kalibrate Technologies PLC (LON:KLBT) news was published by Uk.Finance.Yahoo.com which published an article titled: “Kalibrate Technologies plc (KLBT.L)” on March 29, 2014.

Kalibrate Technologies plc is engaged in the sale of petroleum retail pricing and network planning solutions and services to the petroleum retail and wholesale industries. The company has a market cap of 24.41 million GBP. The Company’s business divisions are based on locations, such as Pricing, which includes North America, Europe and Rest of the World, and Planning, which includes Rest of the World, North America and Europe. It has a 14.95 P/E ratio. The Company’s pricing solutions include intelligent software products and related services.

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