The stock of DATA COMMUNICATIONS MGMT CORP (TSE:DCM) hit a new 52-week low and has $2.20 target or 14.00% below today’s $2.56 share price. The 9 months bearish chart indicates high risk for the $52.21M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $2.20 price target is reached, the company will be worth $7.31M 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. About 428,103 shares traded hands or 486.79% up from the average. DATA COMMUNICATIONS MGMT CORP (TSE:DCM) has risen 45.33% since March 30, 2016 and is uptrending. It has outperformed by 44.12% the S&P500.
More news for DATA COMMUNICATIONS MGMT CORP (TSE:DCM) were recently published by: Stockhouse.com, which released: “DATA Communications Management Corp. Announces Appointment of Gregory J …” on November 03, 2016. Stockhouse.com‘s article titled: “DATA Communications Management Corp. Announces Third Quarter Financial Results …” and published on November 03, 2016 is yet another important article.
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