Energous Corp. (WATT)

[biotechnician]

$31.29 Price Target
The stock of Energous Corp (NASDAQ:WATT) hit a new 52-week high and has $31.29 target or 75.00% above today’s $17.88 share price. The 5 months bullish chart indicates low risk for the $317.06 million company. The 1-year high was reported on Aug, 29 by Barchart.com. If the $31.29 price target is reached, the company will be worth $237.80 million 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. About 1.22M shares traded hands or 157.60% up from the average. Energous Corp (NASDAQ:WATT) has risen 253.70% since January 25, 2016 and is uptrending. It has outperformed by 238.15% the S&P500.