The stock of HSBC ETFS PLC HSBC S&P 500 UCITS ETF (LON:HSPX) hit a new 52-week high and has GBX 1918.08 target or 8.00% above today’s GBX 1776.00 share price. The 9 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 22 by Barchart.com. If the GBX 1918.08 price target is reached, the company will be worth GBX 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 0.45% or GBX 7.9 on November 22, hitting GBX 1776. About 85,863 shares traded hands. HSBC ETFS PLC HSBC S&P 500 UCITS ETF (LON:HSPX) has risen 19.41% since April 14, 2016 and is uptrending. It has outperformed by 14.85% the S&P500.
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