Could Nick Scali Limited Decline After Today’s Huge Increase?

 Could Nick Scali Limited Decline After Today's Huge Increase?

The stock of Nick Scali Limited (ASX:NCK) is a huge mover today! The stock increased 1.26% or $0.07 on November 18, hitting $5.63. About 51,603 shares traded hands or 54.69% up from the average. Nick Scali Limited (ASX:NCK) has risen 39.01% since April 22, 2016 and is uptrending. It has outperformed by 34.58% the S&P500.
The move comes after 7 months positive chart setup for the $456.84 million company. It was reported on Nov, 18 by Barchart.com. We have $9.18 PT which if reached, will make ASX:NCK worth $287.81 million more.

More notable recent Nick Scali Limited (ASX:NCK) news were published by: Fool.com.Au which released: “Nick Scali Limited boss buys more shares: Should you buy as well?” on March 22, 2016, also Fool.com.Au with their article: “Here’s why the Nick Scali Limited share price is soaring today” published on February 09, 2016, Fool.com.Au published: “Nick Scali Limited shares surge on bumper profit result: Is is still a buy?” on August 11, 2016. More interesting news about Nick Scali Limited (ASX:NCK) were released by: Fool.com.Au and their article: “Is Fantastic Holdings Limited a better investment than Nick Scali Limited?” published on September 21, 2016 as well as Fool.com.Au‘s news article titled: “Why the Nick Scali Limited share price is closing in on a record high” with publication date: August 12, 2015.

Nick Scali Limited is a furniture retailer operating in Australia. The company has a market cap of $456.84 million. The Firm is engaged in the sourcing and retailing of household furniture and related accessories. It has a 17.44 P/E ratio. The Firm operates brands, including Nick Scali brand, which consists of over 40 stores, and Sofas2Go, which consists of approximately five stores.

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