The stock of CHC Student Housing Corp (CVE:CHC) gapped up by $0.1 today and has $4.75 target or 8.00% above today’s $4.40 share price. The 7 months technical chart setup indicates low risk for the $9.86M company. The gap was reported on Nov, 30 by Barchart.com. If the $4.75 price target is reached, the company will be worth $788,800 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 14,600 shares traded hands or 1230.90% up from the average. CHC Student Housing Corp (CVE:CHC) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.
More notable recent CHC Student Housing Corp (CVE:CHC) news were published by: Reuters.com which released: “BRIEF-Dundee Acquisition & CHC Student Housing Announce Proposed Business …” on August 25, 2016, also Marketwired.com with their article: “CHC Student Housing Corp. Provides Update on Business Combination With Dundee …” published on October 27, 2016, Marketwired.com published: “CHC Student Housing Corp. Announces Departure of CFO” on December 07, 2015. More interesting news about CHC Student Housing Corp (CVE:CHC) were released by: Marketwired.com and their article: “CHC Student Housing Adopts DSU Plan and Grants Deferred Share Units” published on September 13, 2016 as well as Business.Financialpost.com‘s news article titled: “CHC Student Housing aims for first mover advantage” with publication date: June 02, 2015.
CHC Student Housing Corp. is a Canada firm engaged in offering purpose-built multi-residential student housing properties. The company has a market cap of $9.86 million. The Firm owns student housing properties located on campus or in the proximity to universities and colleges. It currently has negative earnings. The Firm is focused on acquiring, developing and managing student housing in primary and secondary markets in Canada.
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