Price Action Alert: What’s Propelling Quantenna Communications Inc to Reach Record High?

Price Action Alert: What's Propelling Quantenna Communications Inc to Reach Record High?

The stock of Quantenna Communications Inc (NASDAQ:QTNA) reached all time high today, Nov, 22 and still has $20.38 target or 6.00% above today’s $19.23 share price. This indicates more upside for the $663.40M company. This technical setup was reported by Barchart.com. If the $20.38 PT is reached, the company will be worth $39.80 million 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 306,034 shares traded hands. Quantenna Communications Inc (NASDAQ:QTNA) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.

According to Zacks Investment Research, “Quantenna Communications, Inc. designs, develops and markets wireless communication solutions. The Company offers wireless solutions for wi-fi routers and consumer electronics, an integrated single chip solution for video stream and multiple input and output chipsets. Quantenna Communications, Inc. is based in Fremont, United States.”

More notable recent Quantenna Communications Inc (NASDAQ:QTNA) news were published by: Marketwatch.com which released: “Quantenna Communications seeks to raise up to $107 million in IPO” on October 17, 2016, also Nasdaq.com with their article: “Quantenna Communications, Inc. (QTNA), Interview with Dr. Sam Heidari, CEO” published on November 10, 2016, Globenewswire.com published: “Quantenna Communications, Inc. Announces Pricing of Initial Public Offering” on October 28, 2016. More interesting news about Quantenna Communications Inc (NASDAQ:QTNA) were released by: Quotes.Wsj.com and their article: “News Quantenna Communications Inc.QTNA” published on October 26, 2016 as well as Seekingalpha.com‘s news article titled: “IPO Preview: Quantenna Communications” with publication date: October 27, 2016.

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