After Achieving 52-Week High, Is SecureWorks Corp. (SCWX)’s Near-Term Analysis Positive?

June 16, 2018 - By Duane Lopez

The stock of SecureWorks Corp. (NASDAQ:SCWX) hit a new 52-week high and has $14.28 target or 8.00 % above today’s $13.22 share price. The 5 months bullish chart indicates low risk for the $1.08 billion company. The 1-year high was reported on Jun, 16 by Barchart.com. If the $14.28 price target is reached, the company will be worth $86.40 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.

The stock increased 5.09% or $0.64 during the last trading session, reaching $13.22. About 264,228 shares traded or 80.53% up from the average. SecureWorks Corp. (NASDAQ:SCWX) has declined 2.05% since June 16, 2017 and is downtrending. It has underperformed by 14.62% the S&P500.

More notable recent SecureWorks Corp. (NASDAQ:SCWX) news were published by: Fool.com which released: “SecureWorks (Class A) (SCWX) Q1 2019 Earnings Conference Call Transcript” on June 07, 2018, also Businesswire.com with their article: “Secureworks Reports First Quarter Fiscal 2019 Results” published on June 06, 2018, Seekingalpha.com published: “SecureWorks: No Healthier Than Before” on June 12, 2018. More interesting news about SecureWorks Corp. (NASDAQ:SCWX) were released by: Nasdaq.com and their article: “Secureworks to Report First Quarter Fiscal 2019 Financial Results on June 6, 2018” published on May 22, 2018 as well as Benzinga.com‘s news article titled: “28 Stocks Moving In Monday’s Pre-Market Session” with publication date: June 04, 2018.

SecureWorks Corp. provides intelligence-driven information security solutions focused on protecting organizations from cyber-attacks. The company has market cap of $1.08 billion. The Company’s solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches, and predict emerging threats. It currently has negative earnings. As of February 3, 2017, the firm served approximately 4,400 subscription clients across 61 countries.

SecureWorks Corp. (NASDAQ:SCWX) Ratings Chart

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