The stock of EXTENDICARE INC (TSE:EXE) hit a new 52-week high and has $13.09 target or 32.00% above today’s $9.92 share price. The 9 months bullish chart indicates low risk for the $866.06M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $13.09 price target is reached, the company will be worth $277.14 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 338,828 shares traded hands or 18.16% up from the average. EXTENDICARE INC (TSE:EXE) has risen 7.35% since April 15, 2016 and is uptrending. It has outperformed by 3.49% the S&P500.
More recent EXTENDICARE INC (TSE:EXE) news were published by: Wsj.com which released: “Investment Firm Oxford Park Buys More Than 5% Stake in Extendicare” on July 14, 2015. Also Wsj.com published the news titled: “Oxford Park Seeks Board Shakeup at Extendicare” on November 16, 2015. Jsonline.com‘s news article titled: “Extendicare to close downtown headquarters, cut 287 jobs” with publication date: February 27, 2015 was also an interesting one.
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