After Reaching 52-Week High, Is ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL’s Near-Term Analysis Positive?

 After Reaching 52 Week High, Is ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL's Near Term Analysis Positive?

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) hit a new 52-week high and has GBX 15.22 target or 34.00% above today’s GBX 11.36 share price. The 9 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 15.22 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 2.64% or GBX 0.29 on November 8, hitting GBX 11.36. About 10,517 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) has risen 27.25% since March 29, 2016 and is uptrending. It has outperformed by 25.30% the S&P500.

Another recent and important ETFS COMMODITY SECURITIES LIMITED ETFS NICKEL (LON:NICK) news was published by Seekingalpha.com which published an article titled: “Can The Brazilian Rally Continue?” on August 22, 2016.

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