The stock of North American Financial 15 Split Corp (TSE:FFN) gapped up by $0.02 today and has $8.85 target or 9.00% above today’s $8.12 share price. The 9 months technical chart setup indicates low risk for the $72.95M company. The gap was reported on Nov, 30 by Barchart.com. If the $8.85 price target is reached, the company will be worth $6.57 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%. About 30,433 shares traded hands. North American Financial 15 Split Corp (TSE:FFN) has risen 18.82% since April 26, 2016 and is uptrending. It has outperformed by 13.60% the S&P500.
More news for North American Financial 15 Split Corp (TSE:FFN) were recently published by: Marketwired.com, which released: “North American Financial 15 Split Corp.: Regular Monthly Dividend Declaration …” on January 15, 2016. Marketwired.com‘s article titled: “Financial 15 Split Corp. II Announces Name Change” and published on March 13, 2015 is yet another important article.
North American Financial 15 Split Corporation is a mutual fund firm that invests in over 10 financial services companies in Canada and the United States. The company has a market cap of $72.95 million. It offers two types of shares: preferred shares and class A shares. It currently has negative earnings. The Company’s investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount of over 5.25% annually and to pay the holders of the preferred shares a certain price per preferred share on or about the termination date.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.