The stock of ETFS COMMODITY SECURITIES LIMITED ETFS COCOA (LON:COCO) hit a new 52-week low and has GBX 2.44 target or 14.00% below today’s GBX 2.84 share price. The 5 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 2.44 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 1.39% or GBX 0.04 on November 8, hitting GBX 2.84. About 40,800 shares traded hands or 360.91% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS COCOA (LON:COCO) has declined 15.12% since March 30, 2016 and is downtrending. It has underperformed by 17.08% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS COCOA (LON:COCO) were recently published by: Zacks.com, which released: “Cocoa ETFs Surge; Will the Uptrend Last?” on September 14, 2015. Ft.com‘s article titled: “Biggest crop ETF on track for best year since 2009” and published on June 23, 2016 is yet another important article.
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