Could Nanotech Security Corp Change Direction After Reaching 52-Week High?

 Could Nanotech Security Corp Change Direction After Reaching 52 Week High?

The stock of Nanotech Security Corp (CVE:NTS) hit a new 52-week high and has $1.53 target or 7.00% above today’s $1.43 share price. The 5 months bullish chart indicates low risk for the $81.00M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $1.53 price target is reached, the company will be worth $5.67 million 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 $1.43 per share. It is down 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

More important recent Nanotech Security Corp (CVE:NTS) news were published by: Marketwired.com which released: “Nanotech Security Corp. Expands Key Supply Chain Collaboration” on September 15, 2016, also Slate.com published article titled: “Counterfeit This: New Security Technology Inspired by a Butterfly”, Marketwired.com published: “Nanotech Security to Supply Security Feature for Major New Banknote” on May 12, 2016. More interesting news about Nanotech Security Corp (CVE:NTS) was released by: Business.Financialpost.com and their article: “Podcast: Nanotech Security Corp. CEO Doug Blakeway on how his company’s small …” with publication date: March 21, 2016.

Nanotech Security Corp. is an identity company, providing light nanotechnology and optical thin film . The company has a market cap of $81.00 million. The Firm operates through two divisions: Security Features and Surveillance. It currently has negative earnings. The Security Features segment provides nano-optics and OTF for use in anti-counterfeiting and authentication processes and products, including currency, legal documents and commercial products.

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