The stock of Northern Bear Plc (LON:NTBR) gapped up by GBX 0.2 today and has GBX 53.09 target or 7.00% above today’s GBX 49.62 share price. The 5 months technical chart setup indicates low risk for the GBX 9.09 million company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 53.09 price target is reached, the company will be worth GBX 636,300 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 decreased 1.73% or GBX 0.88 on November 30, hitting GBX 49.62. About 25,370 shares traded hands or 34.52% up from the average. Northern Bear Plc (LON:NTBR) has risen 18.07% since May 3, 2016 and is uptrending. It has outperformed by 12.85% the S&P500.
Another recent and important Northern Bear Plc (LON:NTBR) news was published by Uk.Finance.Yahoo.com which published an article titled: “Northern Bear PLC (NTBR.L)” on March 29, 2014.
Northern Bear Plc is engaged in providing specialist building services. The company has a market cap of 9.09 million GBP. The Firm operates in the support services sector. It has a 5.5 P/E ratio. The Company’s divisions include Roofing activities, which provides a range of roofing services, including slating, tiling, leadwork, felting, refurbishment and maintenance for domestic, commercial and public sector properties; Materials handling activities, which includes supply, service and maintenance of fork lift trucks and warehouse equipment both on hire and for sale; Building services activities, which provides services, including fire protection and asbestos removal, and Corporate and other activities, which provides head office activity and consolidation items.
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