The stock of IONA ENVIRONMENTAL VCT PLC B SHS 0.1P (LON:IONB) hit a new 52-week high and has GBX 192.80 target or 141.00% above today’s GBX 80.00 share price. The 8 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 192.80 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 increased 3.90% or GBX 3 on September 13, hitting GBX 80. It is down 37.35% since February 15, 2016 and is downtrending. It has underperformed by 53.84% the S&P500.
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