Can Kromek Group PLC’s Tomorrow be Different? The Stock Just Gapped Down

 Can Kromek Group PLC's Tomorrow be Different? The Stock Just Gapped Down

The stock of Kromek Group PLC (LON:KMK) gapped down by GBX 0.1 today and has GBX 21.94 target or 8.00% below today’s GBX 23.85 share price. The 9 months technical chart setup indicates high risk for the GBX 36.87 million company. The gap down was reported on Nov, 30 by Barchart.com. If the GBX 21.94 price target is reached, the company will be worth GBX 2.95M 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 2.65% or GBX 0.65 on November 30, hitting GBX 23.85. About 56,517 shares traded hands. Kromek Group PLC (LON:KMK) has declined 27.48% since May 3, 2016 and is downtrending. It has underperformed by 32.71% the S&P500.

Another recent and important Kromek Group PLC (LON:KMK) news was published by Uk.Finance.Yahoo.com which published an article titled: “Kromek Group plc (KMK.L)” on March 16, 2014.

Kromek Group plc is a radiation detection technology company. The company has a market cap of 36.87 million GBP. The Firm develops radiation detectors based on cadmium zinc telluride. It currently has negative earnings. The Company’s divisions are UK Operations and US Operations.

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