The stock of ETFS HEDGED METAL SECURITIES LIMITED ETFS GBP DAILY HEDGED PHYSICAL GOLD (LON:GBSP) hit a new 52-week high and has GBX 1351.91 target or 78.00% above today’s GBX 759.50 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 1351.91 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 0.38% or GBX 2.88 on November 15, hitting GBX 759.5. About 14,917 shares traded hands. ETFS HEDGED METAL SECURITIES LIMITED ETFS GBP DAILY HEDGED PHYSICAL GOLD (LON:GBSP) has declined 1.63% since April 5, 2016 and is downtrending. It has underperformed by 5.55% the S&P500.
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