The stock of IMEX SYSTEMS INC (CVE:IMEX) reached all time low today, Nov, 22 and still has $0.41 target or 3.00% below today’s $0.42 share price. This indicates more downside for the $3.67M company. This technical setup was reported by Barchart.com. If the $0.41 PT is reached, the company will be worth $110,100 less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. 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.