Could Appen Ltd See a Reversal After This Very Weak Session?

 Could Appen Ltd See a Reversal After This Very Weak Session?

The stock of Appen Ltd (ASX:APX) is a huge mover today! The stock decreased 9.03% or $0.27 on November 9, hitting $2.72. About 340,511 shares traded hands or 50.85% up from the average. Appen Ltd (ASX:APX) has risen 61.90% since April 13, 2016 and is uptrending. It has outperformed by 57.12% the S&P500.
The move comes after 9 months negative chart setup for the $264.11 million company. It was reported on Nov, 9 by Barchart.com. We have $2.42 PT which if reached, will make ASX:APX worth $29.05M less.

More notable recent Appen Ltd (ASX:APX) news were published by: Fool.com.Au which released: “Here’s why the Appen Ltd share price has gone gangbusters in 2016” on July 20, 2016, also Fool.com.Au with their article: “Appen Ltd doubles it half year profit: Is it time to buy this exciting tech share?” published on August 26, 2016, Fool.com.Au published: “Why Appen Limited shares are going gangbusters” on May 27, 2016. More interesting news about Appen Ltd (ASX:APX) were released by: Fool.com.Au and their article: “Are you too late to buy shares of this red-hot tech company?” published on June 21, 2016 as well as Fool.com.Au‘s news article titled: “4 small cap tech shares that could rise in 2016” with publication date: January 07, 2016.

Appen Limited is an Australia-based well-known provider of speech and search technology services. The company has a market cap of $264.11 million. The Company’s solutions help companies create products with speech interfaces and relevant content ranging from Web sites to maps, images and merchandise. It has a 24.28 P/E ratio. The Firm operates through two divisions: Content Relevance and Language Resources.

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