The stock of SSGA SPDR ETFS EUROPE I PLC SPDR S&P US DIVIDEND ARISTOCRATS UCITETF (LON:USDV) hit a new 52-week high and has GBX 70.80 target or 96.00% above today’s GBX 36.12 share price. The 9 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 70.80 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 0.01% or GBX 0.01 on November 16, hitting GBX 36.12. About 49,375 shares traded hands. SSGA SPDR ETFS EUROPE I PLC SPDR S&P US DIVIDEND ARISTOCRATS UCITETF (LON:USDV) has risen 19.96% since April 8, 2016 and is uptrending. It has outperformed by 15.27% the S&P500.
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