The stock of DB X-TRACKERS DBX S&P 500 2X LEVERAGED ETF (LON:XS2D) hit a new 52-week high and has GBX 47.08 target or 7.00% above today’s GBX 44.00 share price. The 5 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 47.08 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 0.59% or GBX 0.26 on November 22, hitting GBX 44. About 9,496 shares traded hands. DB X-TRACKERS DBX S&P 500 2X LEVERAGED ETF (LON:XS2D) has risen 11.20% since April 14, 2016 and is uptrending. It has outperformed by 6.64% the S&P500.
More news for DB X-TRACKERS DBX S&P 500 2X LEVERAGED ETF (LON:XS2D) were recently published by: Businesswire.com, which released: “db x-trackers UK Regulatory Announcement: db x-trackers: Important Notice to …” on June 29, 2016. Businesswire.com‘s article titled: “Important Notice to Shareholders” and published on August 21, 2015 is yet another important article.
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