The stock of HONG KONG LAND HOLDINGS LD ORD US$0.10(BERMUDA REG) (LON:HKLB) hit a new 52-week high and has GBX 11.22 target or 65.00% above today’s GBX 6.80 share price. The 9 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 11.22 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 8.23% or GBX 0.61 on September 13, hitting GBX 6.8. HONG KONG LAND HOLDINGS LD ORD US$0.10(BERMUDA REG) (LON:HKLB) has 0.00% since February 11, 2016 and is . It has underperformed by 16.49% the S&P500.
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