The stock of Aberdeen New Dawn Investment Trust PLC (LON:ABD) hit a new 52-week high and has GBX 552.17 target or 181.00% above today’s GBX 196.50 share price. The 8 months bullish chart indicates low risk for the GBX 233.22M company. The 1-year high was reported on Oct, 19 by Barchart.com. If the GBX 552.17 price target is reached, the company will be worth GBX 422.13 million 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 1.29% or GBX 2.5 on October 19, hitting GBX 196.5. About 160,642 shares traded hands or 90.88% up from the average. Aberdeen New Dawn Investment Trust PLC (LON:ABD) has risen 28.27% since March 21, 2016 and is uptrending. It has outperformed by 22.72% the S&P500.
Aberdeen New Dawn Investment Trust PLC is an investment company. The company has a market cap of 233.22 million GBP. The Company’s investment objective is to provide shareholders with a high level of capital growth through equity investment in the Asia Pacific countries excluding Japan. It currently has negative earnings. In addition, the investment policy of the Company is to invest no more than 15% of its gross assets in other listed investment companies .
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