The stock of BHP Billiton Limited (ASX:BHP) hit a new 52-week high and has $26.50 target or 5.00% above today’s $25.24 share price. The 9 months bullish chart indicates low risk for the $128.58B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $26.50 price target is reached, the company will be worth $6.43 billion 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 3.95% or $0.96 on November 22, hitting $25.24. About 10.84 million shares traded hands or 20.31% up from the average. BHP Billiton Limited (ASX:BHP) has risen 27.73% since April 26, 2016 and is uptrending. It has outperformed by 23.18% the S&P500.
More news for BHP Billiton Limited (ASX:BHP) were recently published by: Fool.com.Au, which released: “Why BHP Billiton Limited could boost its dividend by more than 60%” on November 15, 2016. Fool.com.Au‘s article titled: “Shares of BHP Billiton Limited SURGE as iron ore tops US$70” and published on November 09, 2016 is yet another important article.
BHP Billiton Limited is a global resources company. The company has a market cap of $128.58 billion. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. It currently has negative earnings. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal.
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