The stock of GO UCITS ETF SOLUTIONS PLC LOIM GLOBAL GOVERNMENT GO UCITS (GBP H) (LON:COGH) hit a new 52-week low and has GBX 864.00 target or 10.00% below today’s GBX 960.00 share price. The 7 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 16 by Barchart.com. If the GBX 864.00 price target is reached, the company will be worth GBX less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The ETF decreased 0.45% or GBX 4.38 on November 16, hitting GBX 960. It is down 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
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