Integrity Gaming Corp. V.IGAM

PYD $2.05 Target!!

[RegularJoe]

The stock of Poydras Gaming Finance Corp (CVE:PYD) gapped up by $0.01 today and has $2.05 target or 189.00% above today’s $0.71 share price. The 9 months technical chart setup indicates low risk for the $24.49M company. The gap was reported on Nov, 4 by Barchart.com. If the $2.05 price target is reached, the company will be worth $46.29M 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 16,400 shares traded hands. Poydras Gaming Finance Corp (CVE:PYD) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.

https://friscofastball.com/2016/11/04/a-reversal-for-poydras-gaming-finance-corp-is-not-near-the-stock-gaps-up/