The stock of POWERSHARES GLBAL FUNDS IRELAND PLC PS GLOBAL BUYBACK ACHIEVERS UCITS ETF (LON:BUYB) hit a new 52-week high and has GBX 44.66 target or 59.00% above today’s GBX 28.09 share price. The 5 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 44.66 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. About 2,390 shares traded hands. POWERSHARES GLBAL FUNDS IRELAND PLC PS GLOBAL BUYBACK ACHIEVERS UCITS ETF (LON:BUYB) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
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