Can SDX Energy Inc’s Tomorrow be Different? The Stock Just Gapped Up

 Can SDX Energy Inc's Tomorrow be Different? The Stock Just Gapped Up

The stock of SDX Energy Inc (CVE:SDX) gapped up by $0.01 today and has $0.48 target or 6.00% above today’s $0.45 share price. The 9 months technical chart setup indicates low risk for the $33.65M company. The gap was reported on Nov, 30 by Barchart.com. If the $0.48 price target is reached, the company will be worth $2.02M 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 106,257 shares traded hands or 88.56% up from the average. SDX Energy Inc (CVE:SDX) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

More news for SDX Energy Inc (CVE:SDX) were recently published by: Prnewswire.com, which released: “SDX Energy Inc. – Operations Update – Staffing Changes” on November 16, 2015. Prnewswire.com‘s article titled: “SDX Energy Inc. – Operations Update – South Disouq, Egypt” and published on November 10, 2015 is yet another important article.

SDX Energy Inc., formerly Sea Dragon Energy Inc., is an gas and oil company, with a principal focus on Egypt. The company has a market cap of $33.65 million. The Firm is engaged in exploration, development and production of natural gas and crude oil liquids. It currently has negative earnings.

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