Could Elysee Development Corp Change Direction After Reaching 52-Week High?

 Could Elysee Development Corp Change Direction After Reaching 52 Week High?

The stock of Elysee Development Corp (CVE:ELC) hit a new 52-week high and has $1.04 target or 178.00% above today’s $0.38 share price. The 6 months bullish chart indicates low risk for the $8.30M company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $1.04 price target is reached, the company will be worth $14.77M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 31,000 shares traded hands or 12.05% up from the average. Elysee Development Corp (CVE:ELC) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.

More notable recent Elysee Development Corp (CVE:ELC) news were published by: Stockhouse.com which released: “Alberta Star Announces Name Change to Elysee Development Corp.” on July 14, 2015, also Finance.Yahoo.com with their article: “Elysee Earns $5440583 ($0.259 per share) During the Nine Months Ended August …” published on October 05, 2016, Investorideas.com published: “#Biotech #Stocks $ACRX, $ADMA, $AIQ, $APRI, $AST, $AUPH, $AVEO, $AVIR, $AXSM …” on October 07, 2016. More interesting news about Elysee Development Corp (CVE:ELC) were released by: Nytimes.com and their article: “Giant Development in Cambodia Hinges on Chinese Buyers” published on May 07, 2014 as well as Bloomberg.com‘s news article titled: “De Niro Partners Make Billions With Boutique New York Hotels” with publication date: April 10, 2015.

Elysee Development Corp., formerly Alberta Star Development Corp. is an investment issuer. The company has a market cap of $8.30 million. The Firm operates as a diversified investment and venture capital company. It has a 1.47 P/E ratio. The Firm is focused on the natural resource sector.

ELC Company Profile

Entergy Louisiana, LLC, incorporated on December 31, 2005, is a well-known provider of electric service in southern, central and northeastern Louisiana. The Firm generates, transmits, distributes and sells electric power to retail and wholesale customers. It is a subsidiary of Entergy Corporation.

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