The stock of Stuart Olson Inc (TSE:SOX) gapped up by $0.02 today and has $6.27 target or 9.00% above today’s $5.75 share price. The 8 months technical chart setup indicates low risk for the $156.19 million company. The gap was reported on Dec, 1 by Barchart.com. If the $6.27 price target is reached, the company will be worth $14.06M 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 36,253 shares traded hands. Stuart Olson Inc (TSE:SOX) has declined 18.01% since April 27, 2016 and is downtrending. It has underperformed by 23.93% the S&P500.
Stuart Olson Inc (TSE:SOX) Ratings Coverage
Out of 7 analysts covering Stuart Olson Inc (TSE:SOX), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Stuart Olson Inc has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Thursday, August 13 by IBC. The firm has “Sector Perform” rating given on Wednesday, July 6 by IBC. Scotia Capital maintained it with “Underperform” rating and $6 target price in Friday, August 12 report. The firm has “Sector Perform” rating given on Monday, May 2 by National Bank Canada. The firm has “Buy” rating by Paradigm Research given on Thursday, August 13.
Another recent and important Stuart Olson Inc (TSE:SOX) news was published by Cbc.ca which published an article titled: “Builder strikes back: Stuart Olson blames province and BBB for rush job on stadium” on April 23, 2015.
Stuart Olson Inc. is a Canada-based construction and industrial services company. The company has a market cap of $156.19 million. The Company’s divisions include General Contracting, Commercial Systems, Industrial Services, and Corporate and Other. It currently has negative earnings. The General Contracting segment, through the Buildings Group, provides general contracting services, including integrated project delivery, construction management and design-build services.
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