The stock of TRAKOPOLIS IOT CORP (CVE:TRAK) reached all time low today, Nov, 7 and still has $0.89 target or 11.00% below today’s $1.00 share price. This indicates more downside for the $24.63M company. This technical setup was reported by Barchart.com. If the $0.89 PT is reached, the company will be worth $2.71 million 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 65,000 shares traded hands or 212.35% up from the average. TRAKOPOLIS IOT CORP (CVE:TRAK) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More important recent TRAKOPOLIS IOT CORP (CVE:TRAK) news were published by: Marketwatch.com which released: “Trakopolis IoT Corp. retains LodeRock Advisors for investor relations” on November 07, 2016, also Stockhouse.com published article titled: “Trakopolis IoT Corp. Announces Completion of Subscription Receipts Offering …”, Marketwatch.com published: “TMX Group Introduces Four Letter Trading Symbols” on November 02, 2016. More interesting news about TRAKOPOLIS IOT CORP (CVE:TRAK) was released by: Stockhouse.com and their article: “IIROC Trade Resumption – West Melville Metals Inc.” with publication date: June 11, 2012.
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