Could Betashares FTSE RAFI Australia 200 ETF See a Reversal After Breaking Its 52-Week High?

 Could Betashares FTSE RAFI Australia 200 ETF See a Reversal After Breaking Its 52 Week High?

The stock of Betashares FTSE RAFI Australia 200 ETF (ASX:QOZ) hit a new 52-week high and has $12.67 target or 3.00% above today’s $12.30 share price. The 5 months bullish chart indicates low risk for the $ company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $12.67 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 1.23% or $0.15 on November 22, hitting $12.3. About 13,687 shares traded hands or 22.39% up from the average. Betashares FTSE RAFI Australia 200 ETF (ASX:QOZ) has risen 13.13% since April 6, 2016 and is uptrending. It has outperformed by 8.57% the S&P500.

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