What Next for Optical Cable Corporation (OCC) Stock After Making 52-Week High?

May 17, 2018 - By Michael Taylor

Optical Cable Corporation (NASDAQ:OCC) Logo

The stock of Optical Cable Corporation (NASDAQ:OCC) hit a new 52-week high and has $3.24 target or 8.00 % above today’s $3.00 share price. The 8 months bullish chart indicates low risk for the $22.96 million company. The 1-year high was reported on May, 17 by Barchart.com. If the $3.24 price target is reached, the company will be worth $1.84M 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.

It closed at $3 lastly. It is down 14.76% since May 17, 2017 and is downtrending. It has underperformed by 26.31% the S&P500.

Optical Cable Corporation, together with its subsidiaries, makes and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company has market cap of $22.96 million. The firm provides fiber optic cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair. It currently has negative earnings. It also offers fiber optic connectivity products, including fiber optic wall mounts, cabinet mount and rack mount enclosures, pre-terminated fiber optic enclosures, fiber optic connectors, splice trays, fiber optic jumpers, plug and play cassette modules, pre-terminated fiber optic cable assemblies, adapters, and accessories.

Optical Cable Corporation (NASDAQ:OCC) Institutional Positions Chart

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