Time to Sell Keek Inc After Today’s Gap Down?

 Time to Sell Keek Inc After Today's Gap Down?

The stock of Keek Inc (CVE:KEK) gapped down by $0.02 today and has $1.39 target or 5.00% below today’s $1.46 share price. The 5 months technical chart setup indicates high risk for the $61.29 million company. The gap down was reported on Nov, 30 by Barchart.com. If the $1.39 price target is reached, the company will be worth $3.06M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 2.72M shares traded hands or 6.25% up from the average. Keek Inc (CVE:KEK) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Another recent and important Keek Inc (CVE:KEK) news was published by Marketwired.com which published an article titled: “Primary Petroleum Provides Further Details on Propoposed Transaction With Keek …” on January 21, 2014.

Keek Inc. , formerly Primary Petroleum Corporation, is engaged in the development of an online social video platform for both Web and mobile. The company has a market cap of $61.29 million. The Company’s application allows users to upload and share personal videos of themselves. It currently has negative earnings. The Company’s interactive video content network contains videos with approximately 36 seconds of video and over 111 characters of accompanying text that can be enabled through the Web, iPhone Operating System, Android and Windows 8 mobile platforms.

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