Could Collins Foods Ltd Lose its Strength? The Stock Reaches All-Time High

 Could Collins Foods Ltd Lose its Strength? The Stock Reaches All Time High

The stock of Collins Foods Ltd (ASX:CKF) reached all time high today, Nov, 17 and still has $6.75 target or 25.00% above today’s $5.40 share price. This indicates more upside for the $517.71M company. This technical setup was reported by Barchart.com. If the $6.75 PT is reached, the company will be worth $129.43 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.47% or $0.13 on November 17, hitting $5.4. About 301,437 shares traded hands. Collins Foods Ltd (ASX:CKF) has risen 30.12% since April 21, 2016 and is uptrending. It has outperformed by 25.50% the S&P500.

More notable recent Collins Foods Ltd (ASX:CKF) news were published by: Fool.com.Au which released: “Are investors too chicken to buy Collins Foods Ltd?” on April 07, 2016, also Fool.com.Au with their article: “Is Collins Foods Ltd the next Domino’s Pizza Enterprises Ltd?” published on November 01, 2016, Fool.com.Au published: “Is KFC operator Collins Foods Ltd looking finger-licking good?” on July 11, 2016. More interesting news about Collins Foods Ltd (ASX:CKF) were released by: Fool.com.Au and their article: “Are Collins Foods Ltd shares good to sink your teeth into?” published on December 17, 2015 as well as Fool.com.Au‘s news article titled: “Why the Collins Foods Ltd share price jumped 7% today” with publication date: May 19, 2016.

Collins Foods Limited is engaged in the operation, management and administration of restaurants. The company has a market cap of $517.71 million. The Firm operates in three divisions: KFC Restaurants, Sizzler Restaurants and Shared Services. It has a 17.38 P/E ratio. The Company’s restaurants comprise approximately three restaurant brands, including KFC Restaurants, Sizzler Restaurants and Snag Stand joint venture outlets.

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