CWD Stock Surges to 52-Week High, But MarketsMOJO Issues 'Sell' Call

Aug 20 2024 09:37 AM IST
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CWD, a microcap IT hardware company, has seen a surge in its stock price, reaching a 52-week high of Rs. 1144 on August 20, 2024. Despite outperforming the sector and showing a significant rise in the last 3 days, MarketsMojo has given a 'Sell' call for the stock. It is important to do thorough research and consult with a financial advisor before making any investment decisions.

CWD, a microcap IT hardware company, has recently seen a surge in its stock price, reaching a 52-week high of Rs. 1144 on August 20, 2024. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Sell' call for the stock.

The stock has been performing well, outperforming the sector by 13.89% and gaining for the last 3 consecutive days. In fact, it has seen a significant rise of 43.42% in this period. Today, the stock opened with a gap up of 19.94% and touched an intraday high of Rs. 1144.

CWD's performance over the past year has been impressive, with a 33.74% increase compared to the Sensex's 24.16% performance. The company's stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

While the surge in stock price may be enticing for investors, it is important to note that MarketsMOJO has given a 'Sell' call for CWD. It is always advisable to do thorough research and consult with a financial advisor before making any investment decisions. With the current market conditions, it is crucial to make informed and fact-based decisions.
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