Is Selling 52-Week Stock Like Global Daily Fantasy Sports Inc a Winning Strategy?

 Is Selling 52 Week Stock Like Global Daily Fantasy Sports Inc a Winning Strategy?

The stock of Global Daily Fantasy Sports Inc (CVE:DFS) hit a new 52-week low and has $0.65 target or 11.00% below today’s $0.73 share price. The 7 months bearish chart indicates high risk for the $35.49M company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $0.65 price target is reached, the company will be worth $3.90 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 42,250 shares traded hands or 83.67% up from the average. Global Daily Fantasy Sports Inc (CVE:DFS) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.

More recent Global Daily Fantasy Sports Inc (CVE:DFS) news were published by: Forbes.com which released: “Business-To-Business Daily Fantasy Sports Company Signs Major Distribution Deal” on August 04, 2016. Also Marketwatch.com published the news titled: “Global Daily Fantasy Sports Inc. – Closing of $6 million private placement” on September 17, 2016. Forbes.com‘s news article titled: “Mark Cuban Invests In Daily Fantasy Sports Product” with publication date: January 07, 2016 was also an interesting one.

Global Daily Fantasy Sports Inc, formerly Lariat Energy Ltd, is a Canada company, which focuses on the business of the daily fantasy sports industry. The company has a market cap of $35.49 million. The Firm focuses DFS business. It currently has negative earnings. The Firm focuses on developing its DFS product for the international regulated markets.

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