The stock of Polar Capital Global Fincls Trust PLC (LON:PCFT) reached all time high today, Nov, 11 and still has GBX 199.48 target or 70.00% above today’s GBX 117.34 share price. This indicates more upside for the GBX 215.24M company. This technical setup was reported by Barchart.com. If the GBX 199.48 PT is reached, the company will be worth GBX 150.67 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.08% or GBX 0.09 on November 11, hitting GBX 117.34. About 918,626 shares traded hands or 333.15% up from the average. Polar Capital Global Fincls Trust PLC (LON:PCFT) has risen 8.92% since April 14, 2016 and is uptrending. It has outperformed by 2.78% the S&P500.
Polar Capital Global Financials Trust plc is an investment trust and investment management company. The company has a market cap of 215.24 million GBP. The Company’s investment objective is to generate for investors a growing dividend income together with capital appreciation. It currently has negative earnings. The Firm seeks to achieve its objective by investing in a global portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors.
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