The stock of Dillistone Group Plc (LON:DSG) gapped up by GBX 2.5 today and has GBX 97.52 target or 6.00% above today’s GBX 92.00 share price. The 5 months technical chart setup indicates low risk for the GBX 18.41 million company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 97.52 price target is reached, the company will be worth GBX 1.10M 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 increased 1.10% or GBX 1 on November 30, hitting GBX 92. Dillistone Group Plc (LON:DSG) has risen 5.20% since May 4, 2016 and is uptrending. It has underperformed by 0.02% the S&P500.
Another recent and important Dillistone Group Plc (LON:DSG) news was published by Prweb.com which published an article titled: “Dillistone Systems Announces The Launch Of The Next Generation Of Executive …” on April 05, 2011.
Dillistone Group Plc is engaged in the supply of technology solutions and services to the recruitment industry. The company has a market cap of 18.41 million GBP. The Firm operates in two divisions: Dillistone Systems and Voyager Software. It has a 15.01 P/E ratio. The Dillistone Systems division specializes in the supply of software and services into executive level recruitment teams.
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