The stock of Mysale Group PLC (LON:MYSL) gapped up by GBX 0.5 today and has GBX 105.66 target or 7.00% above today’s GBX 98.75 share price. The 9 months technical chart setup indicates low risk for the GBX 151.17 million company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 105.66 price target is reached, the company will be worth GBX 10.58 million 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 2.33% or GBX 2.25 on November 30, hitting GBX 98.75. About 705,292 shares traded hands or 83.71% up from the average. Mysale Group PLC (LON:MYSL) has risen 62.91% since May 3, 2016 and is uptrending. It has outperformed by 57.68% the S&P500.
Mysale Group PLC (LON:MYSL) Ratings Coverage
Out of 2 analysts covering Mysale Group Plc (LON:MYSL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mysale Group Plc has been the topic of 3 analyst reports since September 28, 2016 according to StockzIntelligence Inc. The company was maintained on Wednesday, September 28 by N+1 Singer. As per Tuesday, November 29, the company rating was maintained by N+1 Singer.
Another recent and important Mysale Group PLC (LON:MYSL) news was published by Theguardian.com which published an article titled: “Share price blunder over MySale triggers listings day selloff” on June 16, 2014.
MySale Group plc is engaged in operating online shopping outlets for consumer goods, such as women, men and children’s fashion clothing, accessories, beauty and homeware items. The company has a market cap of 151.17 million GBP. The Company’s divisions include Australia and New Zealand, South-East Asia and Rest of the world. It currently has negative earnings. It operates with flash sales Websites in Australia and New Zealand , South-East Asia (SEA) and the United Kingdom.
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