The stock of SSGA SPDR ETFS EUROPE II PLC SPDR RUSSELL 2000 US SMALL CAP ETF (LON:R2US) hit a new 52-week high and has GBX 86.15 target or 149.00% above today’s GBX 34.60 share price. The 7 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 86.15 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 0.20% or GBX 0.07 on November 15, hitting GBX 34.6. About 9,578 shares traded hands. SSGA SPDR ETFS EUROPE II PLC SPDR RUSSELL 2000 US SMALL CAP ETF (LON:R2US) has risen 34.92% since April 7, 2016 and is uptrending. It has outperformed by 30.99% the S&P500.
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