The stock of Aberdeen Frontier Markets Invtmnt Co Ltd (LON:AFMC) reached all time high today, Oct, 17 and still has GBX 185.42 target or 182.00% above today’s GBX 65.75 share price. This indicates more upside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 185.42 PT is reached, the company will be worth GBX more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.58% or GBX 0.38 on October 17, hitting GBX 65.75. About 116,915 shares traded hands. Aberdeen Frontier Markets Invtmnt Co Ltd (LON:AFMC) has risen 16.87% since March 18, 2016 and is uptrending. It has outperformed by 11.26% the S&P500.
Aberdeen Frontier Markets Investment Company Ltd, formerly Advance Frontier Markets Fund Limited, is a closed-ended investment company. The company has a market cap of GBP. The Company’s objective is to generate long-term capital growth for its shareholders. It currently has negative earnings. The Firm invests predominantly in a diversified portfolio of funds and other investment products, which derive their value from Frontier Markets.
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