$12, page-5

The stock of Transurban Group (ASX:TCL) gapped up by $0.01 today and has $15.07 target or 24.00% above today’s $12.15 share price. The 8 months technical chart setup indicates low risk for the $24.72 billion company. The gap was reported on May, 4 by Barchart.com. If the $15.07 price target is reached, the company will be worth $5.93 billion 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 is up 1.12% or $0.14 after the news, hitting $12.15 per share. About 2.26M shares traded hands. Transurban Group (ASX:TCL) has risen 20.30% since October 6, 2015 and is uptrending. It has outperformed by 10.65% the S&P500.


Transurban Group is an Australia-based company, which is engaged in the development, operation and maintenance of toll roads. The company has a market cap of $24.72 billion. The Firm manages and develops urban toll road networks in Australia and the United States. It has a 279.13 P/E ratio. The Firm operates through the divisions: Victoria , New South Wales (NSW), Queensland (QLD) and the United States of America (USA).