Is DB X-TRACKERS DBX S&P 500 ETF a Buy? The Stock Reaches 52-Week High Today

 Is DB X TRACKERS DBX S&P 500 ETF a Buy? The Stock Reaches 52 Week High Today

The stock of DB X-TRACKERS DBX S&P 500 ETF (LON:XSPX) hit a new 52-week high and has GBX 3173.43 target or 3.00% above today’s GBX 3081.00 share price. The 9 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 22 by If the GBX 3173.43 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 0.69% or GBX 21 on November 22, hitting GBX 3081. About 7,378 shares traded hands. DB X-TRACKERS DBX S&P 500 ETF (LON:XSPX) has risen 20.76% since April 14, 2016 and is uptrending. It has outperformed by 16.20% the S&P500.

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