The stock of SSGA SPDR ETFS EUROPE I PLC SPDR BARCLAYS US TREAS BOND UCITS ETF (LON:TRSY) hit a new 52-week low and has GBX 94.54 target or 11.00% below today’s GBX 106.23 share price. The 6 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 17 by Barchart.com. If the GBX 94.54 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 0.09% or GBX 0.1 on November 17, hitting GBX 106.23. About 18,385 shares traded hands. SSGA SPDR ETFS EUROPE I PLC SPDR BARCLAYS US TREAS BOND UCITS ETF (LON:TRSY) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
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