The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COFFEE (LON:LCFE) hit a new 52-week high and has GBX 12.13 target or 156.00% above today’s GBX 4.74 share price. The 5 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 7 by Barchart.com. If the GBX 12.13 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 ETF increased 4.02% or GBX 0.18 on November 7, hitting GBX 4.74. About 15,276 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COFFEE (LON:LCFE) has risen 48.65% since March 28, 2016 and is uptrending. It has outperformed by 46.69% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COFFEE (LON:LCFE) were recently published by: Bloomberg.com, which released: “Assets Pour Into a Curious and Controversial Investment” on May 05, 2014. Etfdb.com‘s article titled: “MLP ETFs (and ETNs): An ETFdb.com Guide” and published on June 27, 2012 is yet another important article.
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