The stock of SSGA SPDR ETFS EUROPE II PLC SPDR RUSSELL 3000 US TOTAL MARKET ETF (LON:R3US) hit a new 52-week high and has GBX 68.38 target or 97.00% above today’s GBX 34.71 share price. The 6 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 16 by Barchart.com. If the GBX 68.38 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 0.45% or GBX 0.15 on November 16, hitting GBX 34.71. About 1,370 shares traded hands or 226.97% up from the average. SSGA SPDR ETFS EUROPE II PLC SPDR RUSSELL 3000 US TOTAL MARKET ETF (LON:R3US) has risen 20.83% since April 5, 2016 and is uptrending. It has outperformed by 16.14% the S&P500.
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