The stock of ISHARES III PLC ISHARES S&P SMALL CAP 600 UCITS ETF (LON:IDP6) hit a new 52-week high and has GBX 81.40 target or 54.00% above today’s GBX 52.86 share price. The 6 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 81.40 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 0.49% or GBX 0.26 on November 15, hitting GBX 52.86. About 79,360 shares traded hands or 155.74% up from the average. ISHARES III PLC ISHARES S&P SMALL CAP 600 UCITS ETF (LON:IDP6) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
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