Technical Communications Corporation (NASDAQ:TCCO) is moving lower ahead of the market open as the stock is gapping down -2.33%. A recent bid puts the equity at $6.30.
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A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. Gaps are created by numerous factors. Poor earnings, bad news, organizational changes and/or market influences can cause a stock’s price to decrease suddenly.
Technical Communications Corporation (NASDAQ:TCCO)’s performance this year to date is 163.27%. The stock has performed 44.94% over the last seven days, 13.16% over the last thirty, and 163.27% over the last three months. Over the last six months, Technical Communications Corporation’s stock has been 134.55% and 95.45% for the year.
SIMPLE MOVING AVERAGE
The simple moving average is the most common method used to calculate the moving average of prices. It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation. Technical Communications Corporation’s 20-Day Simple Moving Average is 30.43%. Extending back, their 50-Day Simple Moving Average is 37.28%, looking even further back, their 200-Day Simple Moving Average stands at 107.82%.