Time to Reconsider Mid Wynd International Investment Trust After Reaching 52-Week High?

 Time to Reconsider Mid Wynd International Investment Trust After Reaching 52 Week High?

The stock of Mid Wynd International Investment Trust (LON:MWY) hit a new 52-week high and has GBX 689.52 target or 69.00% above today’s GBX 408.00 share price. The 5 months bullish chart indicates low risk for the GBX 121.64M company. The 1-year high was reported on Oct, 28 by Barchart.com. If the GBX 689.52 price target is reached, the company will be worth GBX 83.93M 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 0.62% or GBX 2.5 on October 28, hitting GBX 408. About 5,077 shares traded hands. Mid Wynd International Investment Trust (LON:MWY) has risen 19.52% since March 31, 2016 and is uptrending. It has outperformed by 14.81% the S&P500.

Mid Wynd International Investment Trust PLC is an investment trust company. The company has a market cap of 121.64 million GBP. The Firm objective of the Company is to achieve capital and income growth by investing on a worldwide basis. It has a 7.73 P/E ratio. The Firm will not invest more than 15% of its gross assets in the United Kingdom-listed investment companies.

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