Stocks poised for an upward move: BlackBerry Limited
A gap is generally defined as a change in price levels of a stock between the close of one session and the opening of the next
Is BlackBerry Limited looking for early pre-market gains? The stock is gapping higher before the market is open, indicating a low risk for the upcoming session.
An upward movement of the stock will be possible today? Investors will closely take note of the session. The shares are currently at 1.15% pricing at $7.06.
A gap is generally defined as a change in price levels of a stock between the close of one session and the opening of the next. It can happen for both fundamental and technical factors.
If a company’s earnings are much more than what expected, their stock might gap up the next trading session, opening greater than it closed the day before, leaving a gap.
Investors use a simple, disciplined approach to buying and selling commodities in gap trading. Gap traders usually find stocks that have a price gap from the close and then watch the first hour or so of trading in order to identify what the range is.
If the stock goes above the range then a buy is up, otherwise a sell if it's below.
BlackBerry Limited stands -4.13% away from its 50-day simple moving average and also -3.67% away from the 200-day average. Recently, the commodity stands -23.43% away from the 52-week high and 13.32% from the 52-week low. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 41.43.
BlackBerry Limited’s performance this year to date is 1.02%. The stock has performed -0.85% over the last seven days, -7.45% over the last thirty, and -11.34% over the last three months. Over the last six months, BlackBerry Limited’s stock has been 6.42% and -23.85% for the year.