IMEX SYSTEMS INC Sets 52-Week Low; Strong Momentum for Sellers

 IMEX SYSTEMS INC Sets 52 Week Low; Strong Momentum for Sellers

The stock of IMEX SYSTEMS INC (CVE:IMEX) hit a new 52-week low and has $0.39 target or 7.00% below today’s $0.42 share price. The 8 months bearish chart indicates high risk for the $3.67M company. The 1-year low was reported on Nov, 22 by Barchart.com. If the $0.39 price target is reached, the company will be worth $256,900 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 36,000 shares traded hands or 209.12% up from the average. IMEX SYSTEMS INC (CVE:IMEX) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.

More notable recent IMEX SYSTEMS INC (CVE:IMEX) news were published by: Marketwired.com which released: “Ba Ba Capital Announces Closing of Reverse Take-Over Transaction With Imex …” on May 13, 2016, also Marketwired.com with their article: “Ba Ba Capital Announces Reverse Take-Over Transaction With Imex Systems Inc.” published on February 19, 2016, Marketwired.com published: “Imex Systems Inc. Announces Listing on the TSX Venture Exchange” on June 10, 2016. More interesting news about IMEX SYSTEMS INC (CVE:IMEX) were released by: Marketwired.com and their article: “Imex Systems Inc. Early Warning Press Release” published on May 17, 2016 as well as Bloomberg.com‘s news article titled: “Imax CEO Plans to Double Theaters in China in Five Years” with publication date: November 21, 2013.

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