The stock of RAVEN RUSSIA LTD 6.5% RED CNV PREF SHS NPV (LON:RUSC) hit a new 52-week high and has GBX 192.93 target or 77.00% above today’s GBX 109.00 share price. The 7 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 192.93 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 increased 0.69% or GBX 0.75 on November 3, hitting GBX 109. RAVEN RUSSIA LTD 6.5% RED CNV PREF SHS NPV (LON:RUSC) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
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