What’s TRACKX HOLDINGS INC Downside After Reaching 52-Week Low?

 What's TRACKX HOLDINGS INC Downside After Reaching 52 Week Low?

The stock of TRACKX HOLDINGS INC (CVE:TKX) hit a new 52-week low and has $0.32 target or 11.00% below today’s $0.36 share price. The 6 months bearish chart indicates high risk for the $13.33 million company. The 1-year low was reported on Nov, 11 by Barchart.com. If the $0.32 price target is reached, the company will be worth $1.47 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock last traded at $0.36 per share. It is down 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.

More important recent TRACKX HOLDINGS INC (CVE:TKX) news were published by: Marketwired.com which released: “TrackX Holdings Inc.: Reverse Takeover Completed” on May 26, 2016, also Marketwatch.com published article titled: “TrackX Holdings Inc.”, Marketwired.com published: “TrackX to Present at RAI$E at the STAMPEDE Investor Conference, July 6-7” on June 29, 2016. More interesting news about TRACKX HOLDINGS INC (CVE:TKX) was released by: Bizjournals.com and their article: “Arizona medical pot technology company buys a Colorado business” with publication date: July 01, 2015.

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