The stock of POWERSHARES GLBAL FUNDS IRELAND PLC POWERSHARES FTSE RAFI US 1000 UCITS ETF (LON:PSRF) hit a new 52-week high and has GBX 3698.18 target or 198.00% above today’s GBX 1241.00 share price. The 7 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 3698.18 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 decreased 0.68% or GBX 8.5 on November 11, hitting GBX 1241. About 6,058 shares traded hands. POWERSHARES GLBAL FUNDS IRELAND PLC POWERSHARES FTSE RAFI US 1000 UCITS ETF (LON:PSRF) has risen 22.17% since April 5, 2016 and is uptrending. It has outperformed by 16.03% the S&P500.