Is Selling 52-Week Stock Like Rouge Resource Ltd a Winning Strategy?

 Is Selling 52 Week Stock Like Rouge Resource Ltd a Winning Strategy?

The stock of Rouge Resource Ltd (CVE:F) hit a new 52-week low and has $0.51 target or 13.00% below today’s $0.59 share price. The 8 months bearish chart indicates high risk for the $59.63M company. The 1-year low was reported on Oct, 18 by If the $0.51 price target is reached, the company will be worth $7.75 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock last traded at $0.59 per share. It is down 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.

More notable recent Rouge Resource Ltd (CVE:F) news were published by: which released: “Fiore Exploration (previously Rouge Resources Ltd.) announces new name, stock …” on August 08, 2016, also with their article: “Rouge Resources, Ltd. Announces Change of Board of Directors” published on May 10, 2016, published: “Rouge Resources Completes $5.2 Million Financing and Acquisition of Pampas El …” on August 04, 2016. More interesting news about Rouge Resource Ltd (CVE:F) were released by: and their article: “Deportations to Cambodia stoke fear in Twin Cities Hmong community” published on October 17, 2016 as well as‘s news article titled: “Rouge River displays mankind’s industrial might, mistakes and new hope” with publication date: June 10, 2016.

F Company Profile

Ford Motor Company (Ford), incorporated on July 9, 1919, is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Firm operates in two sectors: Automotive and Financial Services. The Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions. The Company’s Financial Services sector includes Ford Credit and Other Financial Services divisions. The Company’s vehicle brands include Ford, Ford-Lincoln and Lincoln. The Other Financial Services segment includes holding companies, real estate, and the financing of some Volvo vehicles in Europe. The Firm has over 70 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC (Ford Credit), it provides automotive financing products to and through automotive dealers throughout the world.

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