The stock of Ruffer Investment Co Ltd (LON:RICA) reached all time high today, Oct, 28 and still has GBX 561.69 target or 137.00% above today’s GBX 237.00 share price. This indicates more upside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 561.69 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 2.43% or GBX 5.62 on October 28, hitting GBX 237. About 652,041 shares traded hands or 330.68% up from the average. Ruffer Investment Co Ltd (LON:RICA) has risen 13.49% since March 31, 2016 and is uptrending. It has outperformed by 8.78% the S&P500.
Ruffer Investment Company Limited is a Guernsey closed-ended investment company. The company has a market cap of GBP. The principal objective of the Company is to achieve a positive total annual return, after all expenses, of at least twice the Bank of England base rate. It currently has negative earnings. The Firm invests in internationally listed or quoted equities or equity related securities, including convertibles, and/or bonds, which are issued by corporate issuers, supra-nationals or government organizations.
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