The stock of Ion Geophysical Corp (NYSE:IO) hit a new 52-week high and has $8.72 target or 7.00 % above today’s $8.15 share price. The 8 months bullish chart indicates low risk for the $96.85 million company. The 1-year high was reported on Sep, 6. If the $8.72 price target is reached, the company will be worth $6.78 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.