Is Buying 52-Week Stock Like BrightPath Early Learning Inc a Winning Strategy?

 Is Buying 52 Week Stock Like BrightPath Early Learning Inc a Winning Strategy?

The stock of BrightPath Early Learning Inc (CVE:BPE) hit a new 52-week high and has $0.52 target or 7.00% above today’s $0.49 share price. The 7 months bullish chart indicates low risk for the $58.75M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $0.52 price target is reached, the company will be worth $4.11M 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 30,000 shares traded hands. BrightPath Early Learning Inc (CVE:BPE) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

Another recent and important BrightPath Early Learning Inc (CVE:BPE) news was published by Reuters.com which published an article titled: “BRIEF-Brightpath to buy 20 peekaboo child care centres in Ontario” on June 28, 2016.

BrightPath Early Learning Inc., formerly Edleun Group, Inc., is a Canada firm engaged in the operation, acquisition and development of community early learning and care centers across Canada. The company has a market cap of $58.75 million. The Company’s divisions include Alberta, British Columbia and Ontario. It currently has negative earnings. The Company’s divisions are engaged in the provision of child development and care services.

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