The stock of INCH KENNETH KAJANG RUBBER PLC 10P (LON:IKK) hit a new 52-week high and has GBX 30.67 target or 169.00% above today’s GBX 11.40 share price. The 7 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 30.67 price target is reached, the company will be worth GBX 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 decreased 0.87% or GBX 0.1 on September 13, hitting GBX 11.4. It is down 15.00% since February 2, 2016 and is uptrending. It has underperformed by 1.49% the S&P500.
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