Tudor Gold Corp Has Another Very Weak Trading Session Recording a Gap Down

 Tudor Gold Corp Has Another Very Weak Trading Session Recording a Gap Down

The stock of Tudor Gold Corp (CVE:TUD) gapped down by $0.01 today and has $0.51 target or 6.00% below today’s $0.54 share price. The 7 months technical chart setup indicates high risk for the $35.78M company. The gap down was reported on Nov, 30 by Barchart.com. If the $0.51 price target is reached, the company will be worth $2.15M 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 23,390 shares traded hands. Tudor Gold Corp (CVE:TUD) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

More notable recent Tudor Gold Corp (CVE:TUD) news were published by: Marketwired.com which released: “Kaizen Capital Corp. Changes Name to Tudor Gold Corp., Announces New Property …” on May 11, 2016, also Marketwired.com with their article: “Tudor Gold Corp. Announces Three New Property Acquisitions in the Golden …” published on May 24, 2016, Marketwired.com published: “Tudor Gold Corp. Announces Another New Property Acquisition in Golden Triangle …” on June 02, 2016. More interesting news about Tudor Gold Corp (CVE:TUD) were released by: Marketwired.com and their article: “Tudor Gold Corp. Closes $3000000 Private Placement Financing” published on August 09, 2016 as well as Marketwired.com‘s news article titled: “Tudor Gold Corp. Announces It Has Closed Its Property Acquisitions and …” with publication date: June 14, 2016.

Tudor Gold Corp., formerly Kaizen Capital Corp., is a junior exploration company. The company has a market cap of $35.78 million. The Firm is engaged in the exploration and development of several exploration properties in the Skeena Mining Division, northwestern British Columbia. It currently has negative earnings. The Company’s principal projects are joint ventures on the Electrum property and the Treaty Creek property in the Golden Triangle area north of Stewart, British Columbia.

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