Energous Corporation (WATT) Shares are Up 6.06%

Energous Corporation (WATT) : Traders are bullish on Energous Corporation (WATT) as it has outperformed the S&P 500 by a wide margin of 6.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.06% in the last 1 week, and is up 5.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 10.25% and the 50-Day Moving Average is 26.81%.The 200 Day SMA reached 83.2%

Energous

Energous Corporation (NASDAQ:WATT): After opening at $18.9, the stock dipped to an intraday low of $18.65 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $19.61 and the buying power remained strong till the end. The stock closed at $19.61 for the day, a gain of 4.87% for the day session. The total traded volume was 914,064. The stocks close on the previous trading day was $19.61.

Energous Corporation (WATT) : The highest short term price target forecast on Energous Corporation (WATT) is $16 and the lowest target price is $15. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $15.17 with a standard deviation of $0.29.

Energous Corporation is a development-stage company. The Company is developing technology that can enable wire-free charging for electronic devices that provides power at a distance with mobility under software control. The Company offers WattUp technology solution, which consists of transmitter and receiver application specific integrated circuits and antenna designs driven through algorithms and software applications. The wire-free charging solution employs three dimensional (3D) pocketforming via a transmitter that creates a targeted radio frequency (RF) pocket in a room around a receiving device (which may be mobile or fixed). The Companys technology can be utilized in a range of devices, including smart phones, tablets, e-book readers, wearables, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries.

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