Is Buying 52-Week Stock Like Pantheon International PLC a Winning Strategy?

 Is Buying 52 Week Stock Like Pantheon International PLC a Winning Strategy?

The stock of Pantheon International PLC (LON:PIN) hit a new 52-week high and has GBX 2095.50 target or 27.00% above today’s GBX 1650.00 share price. The 8 months bullish chart indicates low risk for the GBX 549.82M company. The 1-year high was reported on Nov, 10 by Barchart.com. If the GBX 2095.50 price target is reached, the company will be worth GBX 148.45M 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 increased 1.35% or GBX 22 on November 10, hitting GBX 1650. About 14,651 shares traded hands. Pantheon International PLC (LON:PIN) has declined 6.43% since April 13, 2016 and is downtrending. It has underperformed by 12.08% the S&P500.

Pantheon International Plc is a United Kingdom company, which is engaged in investing in a portfolio of private equity assets managed by third party managers across the world. The company has a market cap of 549.82 million GBP. The Company’s primary investment objective is to maximize capital growth by investing in a diversified portfolio of private equity funds and directly in private companies. It has a 5.11 P/E ratio. The Firm seeks opportunities in the secondary market.

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