The stock of Atlantic Alliance Partnership Corp (NASDAQ:AAPC) reached all time high today, Sep, 30 and still has $29.25 target or 177.00% above today’s $10.56 share price. This indicates more upside for the $110.22 million company. This technical setup was reported by Barchart.com. If the $29.25 PT is reached, the company will be worth $195.09M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 9,700 shares traded hands. Atlantic Alliance Partnership Corp (NASDAQ:AAPC) has risen 2.74% since February 26, 2016 and is uptrending. It has underperformed by 7.69% the S&P500.
Analysts await Atlantic Alliance Partnership Corp (NASDAQ:AAPC) to report earnings on November, 2.
According to Zacks Investment Research, “Atlantic Alliance Partnership Corp. is a blank check company. The Company is engaged in share exchange, share reconstruction and amalgamation, contractual control arrangement with purchasing the assets. Atlantic Alliance Partnership Corp. is based in New York, United States.”
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