The stock of Creightons plc (LON:CRL) gapped up by GBX 0.09 today and has GBX 20.44 target or 9.00% above today’s GBX 18.75 share price. The 9 months technical chart setup indicates low risk for the GBX 11.31M company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 20.44 price target is reached, the company will be worth GBX 1.02 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 2.74% or GBX 0.5 on November 30, hitting GBX 18.75. About 28,740 shares traded hands. Creightons plc (LON:CRL) has risen 121.21% since May 3, 2016 and is uptrending. It has outperformed by 115.99% the S&P500.
More news for Creightons plc (LON:CRL) were recently published by: Uk.Finance.Yahoo.com, which released: “Creightons plc (CRL.L)” on March 16, 2014. Wsj.com‘s article titled: “New Study Quantifies European Banks’ Capital Shortfalls as Stress Tests Loom” and published on July 29, 2016 is yet another important article.
Creightons plc is engaged in the development, marketing and manufacture of toiletries and fragrances. The company has a market cap of 11.31 million GBP. The Firm operates through three business streams: private label business, contract manufacturing business and branded business. It has a 13.17 P/E ratio. The Company’s private label business focuses on private label products for high street retailers and supermarket chains.
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