Could Blackline Safety Corp Go Down After Reaching 52-Week High?

 Could Blackline Safety Corp Go Down After Reaching 52 Week High?

The stock of Blackline Safety Corp (CVE:BLN) hit a new 52-week high and has $9.06 target or 183.00% above today’s $3.20 share price. The 9 months bullish chart indicates low risk for the $88.35 million company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $9.06 price target is reached, the company will be worth $161.68M 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. The stock increased 6.67% or $0.2 on November 2, hitting $3.2. About 89,350 shares traded hands or 332.33% up from the average. Blackline Safety Corp (CVE:BLN) has risen 6.00% since October 3, 2016 and is uptrending. It has outperformed by 3.48% the S&P500.

More notable recent Blackline Safety Corp (CVE:BLN) news were published by: Marketwired.com which released: “DAK Investments Corp. Acquires Shares of Blackline Safety Corp.” on June 24, 2016, also Marketwired.com with their article: “Blackline Safety Ranks No. 228 on the 2016 Profit 500” published on September 15, 2016, Digitaljournal.com published: “Solid Third Quarter for Blackline Safety” on September 29, 2016. More interesting news about Blackline Safety Corp (CVE:BLN) were released by: Investorideas.com and their article: “GPS Technology Stocks: From Smartphone Games to Fitness Tracking to Medical …” published on August 30, 2016 as well as Investorideas.com‘s news article titled: “#GPS Sector Snapshot: (OTCQB: $GOPH), (NYSE: $LMT), (NASDAQ: $TRMB)” with publication date: October 24, 2016.

Blackline Safety Corp., formerly Blackline GPS Corp., is a Canada wireless location company, which develops, makes, and markets services and products for worker safety monitoring. The company has a market cap of $88.35 million. The Company’s Loner solutions empower organizations in various industries and geographic locations with real-time safety incident awareness. It currently has negative earnings. The Company’s portfolio of solutions address every lone worker scenario, including indoors, outdoors, in between buildings, hazardous sites, while driving and in remote locations.

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