The stock of NORSK HYDRO A.S.A ORDS NOK1.098 (LON:NHY) hit a new 52-week high and has GBX 967.49 target or 160.00% above today’s GBX 372.11 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 967.49 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 stock decreased 5.97% or GBX 23.64 on November 9, hitting GBX 372.11. About 407,360 shares traded hands. NORSK HYDRO A.S.A ORDS NOK1.098 (LON:NHY) has risen 43.26% since April 11, 2016 and is uptrending. It has outperformed by 38.48% the S&P500.
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