The stock of QANTM Intellectual Property Ltd (ASX:QIP) reached all time low today, Nov, 14 and still has $1.97 target or 13.00% below today’s $2.26 share price. This indicates more downside for the $300.35 million company. This technical setup was reported by Barchart.com. If the $1.97 PT is reached, the company will be worth $39.05M 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. The stock increased 0.44% or $0.01 on November 14, hitting $2.26. QANTM Intellectual Property Ltd (ASX:QIP) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.
Another recent and important QANTM Intellectual Property Ltd (ASX:QIP) news was published by Smh.com.Au which published an article titled: “$3b later Fortescue’s Andrew Forrest no longer wants to cap iron ore production” on July 14, 2016.
QANTM Intellectual Property Limited is the owner of two intellectual property firms: Davies Collison Cave (DCC) and FPA Patent Attorneys (FPA). The company has a market cap of $300.35 million. The firms provide a range of IP services to a range of Australian and international clients, ranging from start-up technology businesses to Fortune 500 multinationals, public research institutions and universities. It currently has negative earnings. DCC provides patent and design, trademark and legal services and has offices in Melbourne, Sydney, Brisbane and Singapore.
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