The stock of Betashares S&P ASX 200 Resources Sector ETF (ASX:QRE) hit a new 52-week high and has $4.67 target or 3.00% above today’s $4.53 share price. The 8 months bullish chart indicates low risk for the $ company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $4.67 price target is reached, the company will be worth $ 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 3.19% or $0.14 on November 22, hitting $4.53. About 87,638 shares traded hands or 282.00% up from the average. Betashares S&P ASX 200 Resources Sector ETF (ASX:QRE) has risen 52.43% since January 22, 2016 and is uptrending. It has outperformed by 47.87% the S&P500.
More recent Betashares S&P ASX 200 Resources Sector ETF (ASX:QRE) news were published by: Smh.com.Au which released: “ASX-listed tracker funds pass muster” on October 24, 2011. Also Smh.com.Au published the news titled: “Short sellers swoop on Aussie miners amid iron ore rout” on September 25, 2014. Smh.com.Au‘s news article titled: “Markets Live: ASX selloff resumes” with publication date: September 14, 2015 was also an interesting one.
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