The stock of POWERSHARES GLBAL FUNDS IRELAND PLC POWERSHARES FTSE RAFI US 1000 UCITS ETF (LON:PSRF) reached all time high today, Nov, 24 and still has GBX 1396.89 target or 7.00% above today’s GBX 1305.50 share price. This indicates more upside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 1396.89 PT is reached, the company will be worth GBX more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The ETF increased 0.37% or GBX 4.75 on November 24, hitting GBX 1305.5. About 11,998 shares traded hands. POWERSHARES GLBAL FUNDS IRELAND PLC POWERSHARES FTSE RAFI US 1000 UCITS ETF (LON:PSRF) has risen 24.56% since April 19, 2016 and is uptrending. It has outperformed by 19.15% the S&P500.
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