Could CSR Limited Change Direction After Reaching 52-Week High?

 Could CSR Limited Change Direction After Reaching 52 Week High?

The stock of CSR Limited (ASX:CSR) hit a new 52-week high and has $6.74 target or 68.00% above today’s $4.01 share price. The 6 months bullish chart indicates low risk for the $2.02 billion company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $6.74 price target is reached, the company will be worth $1.37 billion 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 2.56% or $0.1 on November 3, hitting $4.01. CSR Limited (ASX:CSR) has risen 24.53% since April 7, 2016 and is uptrending. It has outperformed by 23.32% the S&P500.

More notable recent CSR Limited (ASX:CSR) news were published by: Fool.com.Au which released: “Why the CSR Limited share price rocketed today” on May 11, 2016, also Fool.com.Au with their article: “5 key takeaways from CSR Limited’s Half-Year report” published on November 04, 2015, Fool.com.Au published: “CSR Limited reports: Should you buy?” on May 12, 2015. More interesting news about CSR Limited (ASX:CSR) were released by: Fool.com.Au and their article: “CSR Limited paints bright outlook: should you buy?” published on July 14, 2015 as well as Smh.com.Au‘s news article titled: “Aluminium collapse sours CSR Ltd’s building boom” with publication date: April 27, 2015.

CSR Limited is engaged in the manufacture and supply of building products in Australia and New Zealand. The company has a market cap of $2.02 billion. The Firm operates through four divisions: Building Products, Glass, Aluminium and Property. It has a 14.31 P/E ratio. The Company’s Building Products include Lightweight Systems, such as Gyprock plasterboard and Cemintel fibre cement; Insulation, including Bradford and Martini insulation, AFS walling systems, Bricks.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment