Is Selling 52-Week Stock Like Ladbrokes Coral Group PLC a Winning Strategy?

 Is Selling 52 Week Stock Like Ladbrokes Coral Group PLC a Winning Strategy?

The stock of Ladbrokes Coral Group PLC (LON:LCL) hit a new 52-week low and has GBX 122.05 target or 6.00% below today’s GBX 129.84 share price. The 7 months bearish chart indicates high risk for the GBX 2.47 billion company. The 1-year low was reported on Nov, 8 by Barchart.com. If the GBX 122.05 price target is reached, the company will be worth GBX 148.20 million 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 stock increased 0.18% or GBX 0.24 on November 8, hitting GBX 129.84. About 15.40M shares traded hands or 97.44% up from the average. Ladbrokes Coral Group PLC (LON:LCL) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.

More recent Ladbrokes Coral Group PLC (LON:LCL) news were published by: Marketwatch.com which released: “Ladbrokes Coral Group PLC” on November 04, 2016. Also Bloomberg.com published the news titled: “Ladbrokes to Acquire Coral to Form U.K. Betting-Shop Giant” on July 24, 2015. Fool.Co.Uk‘s news article titled: “Ladbrokes plc rockets as merger with Gala Coral Group Limited set to go ahead” with publication date: May 20, 2016 was also an interesting one.

Ladbrokes Coral Group plc, formerly Ladbrokes plc, is engaged in the betting and gaming industry. The company has a market cap of 2.47 billion GBP. The Company’s divisions are UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. It has a 19.77 P/E ratio. The UK Retail segment consists of betting activities in the shop estate in Great Britain.

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