Does LYXOR INTERNATIONAL ASSET MANAGEMENT LYXOR ETF SOUTH AFRICA (FTSE JSE TOP 40) Have More Gas After Reaching 52-Week High?

 Does LYXOR INTERNATIONAL ASSET MANAGEMENT LYXOR ETF SOUTH AFRICA (FTSE JSE TOP 40) Have More Gas After Reaching 52 Week High?

The stock of LYXOR INTERNATIONAL ASSET MANAGEMENT LYXOR ETF SOUTH AFRICA (FTSE JSE TOP 40) (LON:AFSL) hit a new 52-week high and has GBX 5188.60 target or 81.00% above today’s GBX 2866.63 share price. The 6 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 9 by Barchart.com. If the GBX 5188.60 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 decreased 1.13% or GBX 32.87 on November 9, hitting GBX 2866.63. About 28,865 shares traded hands or 578.38% up from the average. LYXOR INTERNATIONAL ASSET MANAGEMENT LYXOR ETF SOUTH AFRICA (FTSE JSE TOP 40) (LON:AFSL) has risen 52.80% since March 29, 2016 and is uptrending. It has outperformed by 48.02% the S&P500.

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