Could Breaking Data Corp Change Direction After Reaching 52-Week High?

 Could Breaking Data Corp Change Direction After Reaching 52 Week High?

The stock of Breaking Data Corp (CVE:BKD) hit a new 52-week high and has $0.56 target or 8.00% above today’s $0.52 share price. The 8 months bullish chart indicates low risk for the $21.90M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $0.56 price target is reached, the company will be worth $1.75M 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. The stock last traded at $0.52 per share. It is up 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

More news for Breaking Data Corp (CVE:BKD) were recently published by: Marketwired.com, which released: “Breaking Data Corp. Announces $4000500 Bought Deal Financing” on October 07, 2016. Prnewswire.com‘s article titled: “Breaking Data Corp. and LYCOS Launch New Sports Initiative” and published on September 19, 2016 is yet another important article.

Breaking Data Corp., formerly Sprylogics International Corp., is a technology well-known provider of semantic search, machine learned language and Natural Language Processing . The company has a market cap of $21.90 million. The Firm has two geographical divisions, which include head office and general activities of Breaking Data International and Poynt Inc. in Canada and its subsidiary, DTI, in the United States. It currently has negative earnings. The Company’s technology platform, Cluuz uses semantic and machine learning techniques to process, analyze and interpret aggregated data in order to extract key sentiments, facts, opinions, user interests and intents.

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