The stock of DATA COMMUNICATIONS MGMT CORP (TSE:DCM) reached all time low today, Nov, 3 and still has $2.28 target or 11.00% below today’s $2.56 share price. This indicates more downside for the $52.21M company. This technical setup was reported by Barchart.com. If the $2.28 PT is reached, the company will be worth $5.74M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 431,503 shares traded hands or 491.45% 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.