ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COCOA Sets 52-Week Low; Strong Momentum for Sellers

 ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COCOA Sets 52 Week Low; Strong Momentum for Sellers

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COCOA (LON:LCOC) hit a new 52-week low and has GBX 10.68 target or 11.00% below today’s GBX 12.00 share price. The 9 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 10.68 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 ETF decreased 2.91% or GBX 0.36 on November 8, hitting GBX 12. About 3,470 shares traded hands or 4.68% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COCOA (LON:LCOC) has risen 35.40% since April 8, 2015 and is uptrending. It has outperformed by 33.44% the S&P500.

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