That opening price would certainly seem to be more than a coincidence, though 1 year is a long time. It would be interesting to see the statistics on how often gaps get filled, how quickly, and whether the retracements really pertain to the gap, or could be attributable to normal volatility in share price. I suppose it depends to some extent on the investors who hold or watch the stock. If there are many technicians among them then the gap would have more relevance ... otherwise not.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.