Could SHOPIFY INC Go Down After Reaching All-Time High?

 Could SHOPIFY INC Go Down After Reaching All Time High?

The stock of SHOPIFY INC (TSE:SHOP) reached all time high today, Nov, 21 and still has $90.15 target or 49.00% above today’s $60.50 share price. This indicates more upside for the $4.52B company. This technical setup was reported by Barchart.com. If the $90.15 PT is reached, the company will be worth $2.21 billion 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. About 86,684 shares traded hands. SHOPIFY INC (TSE:SHOP) has risen 49.51% since April 15, 2016 and is uptrending. It has outperformed by 45.65% the S&P500.

More recent SHOPIFY INC (TSE:SHOP) news were published by: Fool.com which released: “Shopify Inc. Revenue Soars 89%” on November 03, 2016. Also Fool.com published the news titled: “Shopify Inc. Keeps Growing” on October 02, 2016. Businesswire.com‘s news article titled: “Shopify Announces Director Resignation” with publication date: November 18, 2016 was also an interesting one.

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