The stock of BROMPTON OIL SPLIT CORP (TSE:OSP) hit a new 52-week high and has $10.71 target or 5.00% above today’s $10.20 share price. The 8 months bullish chart indicates low risk for the $26.75M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $10.71 price target is reached, the company will be worth $1.34 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 3,900 shares traded hands. BROMPTON OIL SPLIT CORP (TSE:OSP) has risen 13.82% since April 27, 2016 and is uptrending. It has outperformed by 7.89% the S&P500.
More news for BROMPTON OIL SPLIT CORP (TSE:OSP) were recently published by: Marketwired.com, which released: “Brompton Oil Split Corp. Announces Initial Public Offering” on January 07, 2015. Marketwired.com‘s article titled: “Brompton Funds Provides Analysis of Rate Reset Preferred Shares” and published on March 30, 2016 is yet another important article.
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