The stock of ISHARES V PUBLIC LIMITED COMPANY ISHRS S&P 500 GBP HEDGED ETF (ACC) (LON:IGUS) hit a new 52-week high and has GBX 5526.23 target or 8.00% above today’s GBX 5116.88 share price. The 8 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 5526.23 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 0.10% or GBX 4.88 on November 23, hitting GBX 5116.88. About 66,028 shares traded hands or 49.41% up from the average. ISHARES V PUBLIC LIMITED COMPANY ISHRS S&P 500 GBP HEDGED ETF (ACC) (LON:IGUS) has risen 6.03% since April 15, 2016 and is uptrending. It has outperformed by 0.70% the S&P500.
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