Does Seven Group Holdings Ltd Have More Gas After Reaching 52-Week High?

 Does Seven Group Holdings Ltd Have More Gas After Reaching 52 Week High?

The stock of Seven Group Holdings Ltd (ASX:SVW) hit a new 52-week high and has $9.75 target or 7.00% above today’s $9.11 share price. The 6 months bullish chart indicates low risk for the $2.56B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $9.75 price target is reached, the company will be worth $179.20M 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 stock increased 0.33% or $0.03 on November 22, hitting $9.11. About 435,479 shares traded hands or 37.43% up from the average. Seven Group Holdings Ltd (ASX:SVW) has risen 61.81% since April 26, 2016 and is uptrending. It has outperformed by 57.26% the S&P500.

More notable recent Seven Group Holdings Ltd (ASX:SVW) news were published by: Fool.com.Au which released: “Bargain Alert? Seven Group Holdings Ltd posts $184 million profit” on August 04, 2016, also Fool.com.Au with their article: “Would Warren Buffett buy Seven Group Holdings Limited?” published on September 15, 2015, Fool.com.Au published: “Why Seven Group Holdings Limited may offer a huge dividend yield” on November 20, 2015. More interesting news about Seven Group Holdings Ltd (ASX:SVW) were released by: Fool.com.Au and their article: “High risk but high reward: Should you buy Seven Group Holdings Ltd?” published on July 27, 2015 as well as Smh.com.Au‘s news article titled: “Seven Group Holdings earnings hit by tough conditions” with publication date: February 22, 2016.

Seven Group Holdings Limited is a diversified operating and investment company. The company has a market cap of $2.56 billion.

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