Could Lowland Investment Company plc Go Down After Reaching 52-Week High?

 Could Lowland Investment Company plc Go Down After Reaching 52 Week High?

The stock of Lowland Investment Company plc (LON:LWI) hit a new 52-week high and has GBX 1497.78 target or 6.00% above today’s GBX 1413.00 share price. The 7 months bullish chart indicates low risk for the GBX 388.14M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 1497.78 price target is reached, the company will be worth GBX 23.29M 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 decreased 1.88% or GBX 27 on November 23, hitting GBX 1413. About 15,473 shares traded hands. Lowland Investment Company plc (LON:LWI) has risen 7.99% since April 26, 2016 and is uptrending. It has outperformed by 2.66% the S&P500.

Lowland Investment Company plc is a United Kingdom investment trust company. The company has a market cap of 388.14 million GBP. The Company’s investment objective is to give shareholders a higher than average return with growth of both capital and income over the medium to long term. It currently has negative earnings. The Company’s policy is to invest in the United Kingdom companies of differing sizes with normally not more than half by value coming from over 100 United Kingdom companies and the balance from small and medium sized companies.

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