The stock of NEXJ SYSTEMS INC (TSE:NXJ) hit a new 52-week high and has $3.65 target or 9.00% above today’s $3.35 share price. The 6 months bullish chart indicates low risk for the $76.68 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $3.65 price target is reached, the company will be worth $6.90 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. About 10,800 shares traded hands. NEXJ SYSTEMS INC (TSE:NXJ) has risen 82.50% since April 27, 2016 and is uptrending. It has outperformed by 76.57% the S&P500.
More recent NEXJ SYSTEMS INC (TSE:NXJ) news were published by: Seekingalpha.com which released: “NEXJ Systems’ (NEXJF) CEO Bill Tatham on Q4 2015 Results – Earnings Call …” on February 19, 2016. Also Reuters.com published the news titled: “BRIEF-Nexj Systems Q3 revenue C$8.9 million” on October 27, 2016. Seekingalpha.com‘s news article titled: “NEXJ Systems’ (NEXJF) CEO Bill Tatham on Q3 2016 Results – Earnings Call …” with publication date: October 30, 2016 was also an interesting one.
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