The stock of VALE INTERNATIONAL GROUP LTD ORD NPV (DI) (LON:VALE) hit a new 52-week low and has GBX 4.05 target or 10.00% below today’s GBX 4.50 share price. The 6 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 4.05 price target is reached, the company will be worth GBX less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 10.00% or GBX 0.5 on November 3, hitting GBX 4.5. VALE INTERNATIONAL GROUP LTD ORD NPV (DI) (LON:VALE) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
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.