The stock of NB DISTRESSED DEBT INVESTMENT FUND LIMITED RED ORD NPV (LON:NBDG) hit a new 52-week high and has GBX 159.90 target or 105.00% above today’s GBX 78.00 share price. The 5 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 159.90 price target is reached, the company will be worth GBX 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 decreased 0.64% or GBX 0.5 on November 3, hitting GBX 78. About 141,091 shares traded hands or 74.56% up from the average. NB DISTRESSED DEBT INVESTMENT FUND LIMITED RED ORD NPV (LON:NBDG) has risen 9.96% since April 6, 2016 and is uptrending. It has outperformed by 8.75% the S&P500.
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