Everbridge, Inc. stock is an 52-week high flier

Source: friscofastball.com

The stock of Everbridge, Inc., provider of software applications to improve organizational response for critical events, hit a new 52-week high and has $30.61 target or 3.00 % above today’s $29.72 share price. The 9 months bullish chart indicates low risk for the $839.73 million company. The 1-year high was reported on Jan, 1 by Barchart.com. If the $30.61 price target is reached, the company will be worth $25.19M 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.