The stock of Avalon Holdings Corp (NYSEMKT:AWX) gapped up by $0.07 today and has $7.81 target or 162.00% above today’s $2.98 share price. The 6 months technical chart setup indicates low risk for the $10.98 million company. The gap was reported on Oct, 1 by Barchart.com. If the $7.81 price target is reached, the company will be worth $17.79M 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%. The stock increased 7.97% or $0.22 on September 30, hitting $2.98. About 11,956 shares traded hands or 230.09% up from the average. Avalon Holdings Corp (NYSEMKT:AWX) has risen 59.46% since February 29, 2016 and is uptrending. It has outperformed by 49.03% the S&P500.
Analysts await Avalon Holdings Corp (NYSEMKT:AWX) to report earnings on November, 10.
According to Zacks Investment Research, “Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets. The company’s waste management services include hazardous and non-hazardous waste brokerage and management, and captive landfill management services. This segment offers its services to industrial, commercial, municipal, and governmental customers primarily in selected northeastern and midwestern markets. Avalon Holdings Corporation also owns the Avalon Golf and Country Club, which operates golf courses and related facilities. The company is headquartered in Warren, Ohio.”
More notable recent Avalon Holdings Corp (NYSEMKT:AWX) news were published by: Prnewswire.com which released: “Avalon Holdings Corporation Announces Second Quarter Results” on August 05, 2016, also Marketwatch.com with their article: “Avalon Holdings Corp.” published on December 22, 2009, Prnewswire.com published: “Avalon Holdings Corporation Announces Organizational Changes” on December 02, 2014. More interesting news about Avalon Holdings Corp (NYSEMKT:AWX) were released by: Seekingalpha.com and their article: “Avalon Holdings – The Market Is Starting To Take Note Of Hotel Renovation …” published on August 25, 2016 as well as Prnewswire.com‘s news article titled: “Avalon Holdings Corporation Acquires The Magnuson Grand Hotel, Formerly The …” with publication date: August 01, 2014.
AWX Company Profile
Avalon Holdings Corporation (Avalon), incorporated on April 30, 1998, provides waste management services to industrial, commercial, municipal and governmental clients in northeastern and midwestern United States markets, captive landfill management for an industrial customer and salt water injection well operations. The Firm operates through two divisions: waste management services, and golf and related operations. The Company’s waste management services segment includes waste disposal brokerage and management services, captive landfill management activities and salt water injection well operations. Avalon’s golf and related activities segment includes the operation and management of over three golf courses and related clubhouses, a hotel, fitness centers, tennis courts, spa services, dining and banquet and conference facilities and a travel agency. Avalon also owns The Avalon Inn, which operates a hotel and related amenities, including dining, banquet and conference facilities, fitness center, indoor junior Olympic size swimming pool and tennis courts.
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