The stock of SPDR S&P ASX 200 Resources Fund (ASX:OZR) hit a new 52-week high and has $8.94 target or 9.00% above today’s $8.20 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 $8.94 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 stock increased 2.76% or $0.22 on November 22, hitting $8.2. About 13,832 shares traded hands or 35.21% up from the average. SPDR S&P ASX 200 Resources Fund (ASX:OZR) has risen 30.82% since April 1, 2016 and is uptrending. It has outperformed by 26.26% the S&P500.
More news for SPDR S&P ASX 200 Resources Fund (ASX:OZR) were recently published by: Fool.com.Au, which released: “Want to know where to start your share portfolio?” on May 13, 2015. Smh.com.Au‘s article titled: “Markets Live: ASX selloff resumes” and published on September 14, 2015 is yet another important article.
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