The stock of NEXJ SYSTEMS INC (TSE:NXJ) hit a new 52-week high and has $3.83 target or 32.00% above today’s $2.90 share price. The 8 months bullish chart indicates low risk for the $60.71M company. The 1-year high was reported on Nov, 4 by Barchart.com. If the $3.83 price target is reached, the company will be worth $19.43M 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. About 16,500 shares traded hands or 11.09% up from the average. NEXJ SYSTEMS INC (TSE:NXJ) has risen 31.36% since March 31, 2016 and is uptrending. It has outperformed by 30.27% the S&P500.
More news for NEXJ SYSTEMS INC (TSE:NXJ) were recently published by: Seekingalpha.com, which released: “NEXJ Systems’ (NEXJF) CEO Bill Tatham on Q3 2016 Results – Earnings Call …” on October 30, 2016. Seekingalpha.com‘s article titled: “NEXJ Systems’ (NEXJF) CEO Bill Tatham on Q4 2015 Results – Earnings Call …” and published on February 19, 2016 is yet another important article.
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