Could Canada Goose Holdings Inc. (GOOS) Go Down After Making 52-Week High?

June 19, 2018 - By Migdalia James

The stock of Canada Goose Holdings Inc. (NYSE:GOOS) hit a new 52-week high and has $72.06 target or 7.00 % above today’s $67.35 share price. The 9 months bullish chart indicates low risk for the $7.23 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $72.06 price target is reached, the company will be worth $506.24M 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 increased 4.05% or $2.62 during the last trading session, reaching $67.35. About 2.68M shares traded or 185.08% up from the average. Canada Goose Holdings Inc. (NYSE:GOOS) has risen 120.35% since June 19, 2017 and is uptrending. It has outperformed by 107.78% the S&P500.

More notable recent Canada Goose Holdings Inc. (NYSE:GOOS) news were published by: Globenewswire.com which released: “Investor Expectations to Drive Momentum within NovoCure, Canada Goose, Telephone and Data, FMC, MobileIron …” on June 15, 2018, also Finance.Yahoo.com with their article: “5 Top Stock Trades for Monday Morning” published on June 18, 2018, Seekingalpha.com published: “Canada Goose rockets higher again” on June 18, 2018. More interesting news about Canada Goose Holdings Inc. (NYSE:GOOS) were released by: Finance.Yahoo.com and their article: “Stocks- Wall Street Slumps as US,China Edge Toward Trade War” published on June 16, 2018 as well as Fool.com‘s news article titled: “What Happened in the Stock Market Today” with publication date: June 15, 2018.

Canada Goose Holdings Inc. designs, makes, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company has market cap of $7.23 billion. The firm operates in two divisions, Wholesale and Direct to Consumer. It has a 103.46 P/E ratio. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

Canada Goose Holdings Inc. (NYSE:GOOS) Ratings Chart

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