Could Utilico Emerging Market Limited Go Down After Reaching 52-Week High?

 Could Utilico Emerging Market Limited Go Down After Reaching 52 Week High?

The stock of Utilico Emerging Market Limited (LON:UEM) hit a new 52-week high and has GBX 421.88 target or 99.00% above today’s GBX 212.00 share price. The 5 months bullish chart indicates low risk for the GBX 467.97 million company. The 1-year high was reported on Oct, 28 by Barchart.com. If the GBX 421.88 price target is reached, the company will be worth GBX 463.29M 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 0.36% or GBX 0.75 on October 28, hitting GBX 212. About 83,422 shares traded hands. Utilico Emerging Market Limited (LON:UEM) has risen 18.68% since March 18, 2016 and is uptrending. It has outperformed by 13.97% the S&P500.

Another recent and important Utilico Emerging Market Limited (LON:UEM) news was published by Ft.com which published an article titled: “Emerging markets — time for investors to look again?” on August 04, 2016.

Utilico Emerging Markets Limited is an exempted closed-end investment company. The company has a market cap of 467.97 million GBP. The Company’s investment objective is to provide long-term total return through a flexible investment policy that permits it to make investments in infrastructure, utility and related sectors, mainly in emerging markets. It has a 75.8 P/E ratio. The Company’s investments include water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service companies, rail, roads, any business with essential service or monopolistic characteristics and in any new infrastructure or utilities, which may arise mainly in emerging markets.

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