The stock of Organigram Holdings Inc (CVE:OGI) reached all time high today, Oct, 18 and still has $4.10 target or 47.00% above today’s $2.79 share price. This indicates more upside for the $200.16 million company. This technical setup was reported by Barchart.com. If the $4.10 PT is reached, the company will be worth $94.08 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 3.26 million shares traded hands or 105.03% up from the average. Organigram Holdings Inc (CVE:OGI) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
More notable recent Organigram Holdings Inc (CVE:OGI) news were published by: Marketwatch.com which released: “OrganiGram Holdings Inc. Announces Issuance of Stock Options” on June 28, 2016, also Marketwired.com with their article: “OrganiGram Holdings Inc. Receives License to Sell Oil Extracts” published on June 22, 2016, Marketwired.com published: “OrganiGram Holdings Announces $17.5 Million Bought Deal” on August 03, 2016. More interesting news about Organigram Holdings Inc (CVE:OGI) were released by: Business.Financialpost.com and their article: “Podcast: Organigram Holdings Inc CEO Denis Arsenault on preparing for the …” published on May 13, 2016 as well as Marketwired.com‘s news article titled: “OrganiGram Holdings Announces $9 Million Bought Deal” with publication date: May 11, 2016.
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