The stock of ETFS HEDGED COMMODITY SECURITIES LIMITED ETFS GBP DAILY HEDGED COPPER (LON:PCOP) hit a new 52-week high and has GBX 1697.99 target or 191.00% above today’s GBX 583.50 share price. The 7 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 10 by Barchart.com. If the GBX 1697.99 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 increased 4.03% or GBX 22.62 on November 10, hitting GBX 583.5. About 29,344 shares traded hands or 1637.36% up from the average. ETFS HEDGED COMMODITY SECURITIES LIMITED ETFS GBP DAILY HEDGED COPPER (LON:PCOP) has risen 11.62% since April 4, 2016 and is uptrending. It has outperformed by 5.97% the S&P500.
Another recent and important ETFS HEDGED COMMODITY SECURITIES LIMITED ETFS GBP DAILY HEDGED COPPER (LON:PCOP) news was published by Seekingalpha.com which published an article titled: “Commodities Relative Value – Capitalizing On High Volatility Across The …” on May 26, 2016.
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