The stock of Jaywing PLC (LON:JWNG) gapped up by GBX 0.195 today and has GBX 31.93 target or 3.00% above today’s GBX 31.00 share price. The 5 months technical chart setup indicates low risk for the GBX 27.22M company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 31.93 price target is reached, the company will be worth GBX 816,600 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 closed at GBX 31 during the last session. It is up 3.08% since May 3, 2016 and is downtrending. It has underperformed by 8.30% the S&P500.
Another recent and important Jaywing PLC (LON:JWNG) news was published by Businesswire.com which published an article titled: “Tryzens Completes MBO” on October 07, 2013.
Jaywing PLC is engaged in the provision of digital marketing services. The company has a market cap of 27.22 million GBP. The Firm operates in two divisions: Agency Services, and Media & Analysis. It has a 78.88 P/E ratio. The Firm offers its services across a range of vertical markets, including financial services, travel and leisure, retail, entertainment, utilities, telecommunications, education, cultural, legal and automotive.
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