Is BlueScope Steel Limited’s Fuel Running Low? The Stock Reaches 52-Week High Today

 Is BlueScope Steel Limited's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of BlueScope Steel Limited (ASX:BSL) hit a new 52-week high and has $13.86 target or 57.00% above today’s $8.83 share price. The 5 months bullish chart indicates low risk for the $5.07B company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $13.86 price target is reached, the company will be worth $2.89B 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 1.89% or $0.17 on November 15, hitting $8.83. About 4.10M shares traded hands or 14.53% up from the average. BlueScope Steel Limited (ASX:BSL) has risen 31.79% since April 19, 2016 and is uptrending. It has outperformed by 27.86% the S&P500.

More notable recent BlueScope Steel Limited (ASX:BSL) news were published by: Fool.com.Au which released: “Why BlueScope Steel Limited shares are going crazy today” on November 10, 2016, also Marketwatch.com with their article: “BlueScope Steel Ltd.” published on April 18, 2011, Fool.com.Au published: “Why the BlueScope Steel Limited share price is surging today” on August 22, 2016. More interesting news about BlueScope Steel Limited (ASX:BSL) were released by: Fool.com.Au and their article: “Why BlueScope Steel Limited shares are soaring today” published on February 12, 2016 as well as Moodys.com‘s news article titled: “Moody’s upgrades BlueScope Steel to Ba2; outlook stable” with publication date: April 08, 2016.

BlueScope Steel Limited is a steel manufacturing company. The company has a market cap of $5.07 billion. The Firm offers metal coated and painted steel building products, and is also a supplier of engineered building solutions to industrial and commercial markets. It has a 14.62 P/E ratio.

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