Is Buying 52-Week Stock Like THARISA PLC ORD USD0.001 (DI) a Winning Strategy?

 Is Buying 52 Week Stock Like THARISA PLC ORD USD0.001 (DI) a Winning Strategy?

The stock of THARISA PLC ORD USD0.001 (DI) (LON:THS) hit a new 52-week high and has GBX 263.30 target or 110.00% above today’s GBX 125.38 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 263.30 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 increased 11.95% or GBX 13.38 on November 11, hitting GBX 125.38. About 213,810 shares traded hands or 356.31% up from the average. THARISA PLC ORD USD0.001 (DI) (LON:THS) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.

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