Franklin Independent Price Target - $0.52The stock of Acceleware Ltd (CVE:AXE) hit a new 52-week high and has $0.52 target or 93.00% above today’s $0.27 share price. The 8 months bullish chart indicates low risk for the $154.89 million company. The 1-year high was reported on Jun, 15 by Barchart.com. If the $0.52 price target is reached, the company will be worth $144.05M 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 is up 3.85% or $0.01 after the news, hitting $0.27 per share. About 3.69 million shares traded hands or 692.54% up from the average. Acceleware Ltd (CVE:AXE) has risen 6.00% since May 16, 2016 and is uptrending. It has outperformed by 7.14% the S&P500.