The stock of BASF SE BASF SE REG SHS (LON:BFA) hit a new 52-week high and has GBX 133.16 target or 65.00% above today’s GBX 80.70 share price. The 6 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 133.16 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 0.42% or GBX 0.34 on November 11, hitting GBX 80.7. About 347,077 shares traded hands. BASF SE BASF SE REG SHS (LON:BFA) has risen 21.57% since April 13, 2016 and is uptrending. It has outperformed by 15.43% the S&P500.
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