The stock of POWERSHARES GLBAL FUNDS IRELAND PLC POWERSHARES FTSE RAFI US 1000 UCITS ETF (LON:PRUS) hit a new 52-week high and has GBX 28.16 target or 77.00% above today’s GBX 15.91 share price. The 8 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 28.16 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 increased 0.76% or GBX 0.12 on November 15, hitting GBX 15.91. About 51,081 shares traded hands or 1695.47% up from the average. POWERSHARES GLBAL FUNDS IRELAND PLC POWERSHARES FTSE RAFI US 1000 UCITS ETF (LON:PRUS) has risen 30.51% since January 20, 2016 and is uptrending. It has outperformed by 26.58% the S&P500.
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