What’s Ahead for ServicePower Technologies Plc After Reaching 52-Week High?

 What's Ahead for ServicePower Technologies Plc After Reaching 52 Week High?

The stock of ServicePower Technologies Plc (LON:SVR) hit a new 52-week high and has GBX 11.84 target or 196.00% above today’s GBX 4.00 share price. The 8 months bullish chart indicates low risk for the GBX 13.68M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 11.84 price target is reached, the company will be worth GBX 26.81 million 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. The stock decreased 3.03% or GBX 0.12 on November 11, hitting GBX 4. About 1.74 million shares traded hands or 797.77% up from the average. ServicePower Technologies Plc (LON:SVR) has risen 47.83% since April 13, 2016 and is uptrending. It has outperformed by 41.68% the S&P500.

ServicePower Technologies plc is a United Kingdom company, which is engaged in the sale, hosting and implementation of field service management software, outsourcing and management of dispatch, claims and warranty processing, and the sale of global positioning system and mobility products. The company has a market cap of 13.68 million GBP. The Company’s divisions include ServiceScheduling and ServiceOperations. It currently has negative earnings. The ServiceScheduling segment provides scheduling solutions.

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