Could BETA BEAR ETF UNITS Go Up After Reaching 52-Week Low?

 Could BETA BEAR ETF UNITS Go Up After Reaching 52 Week Low?

The stock of BETA BEAR ETF UNITS (ASX:BEAR) hit a new 52-week low and has $15.40 target or 3.00% below today’s $15.88 share price. The 6 months bearish chart indicates high risk for the $ company. The 1-year low was reported on Nov, 24 by Barchart.com. If the $15.40 price target is reached, the company will be worth $ less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The ETF increased 0.06% or $0.01 on November 24, hitting $15.88. About 53,886 shares traded hands. BETA BEAR ETF UNITS (ASX:BEAR) has declined 10.19% since April 15, 2016 and is downtrending. It has underperformed by 15.60% the S&P500.

More notable recent BETA BEAR ETF UNITS (ASX:BEAR) news were published by: Theglobeandmail.com which released: “Six ETFs to capture gold’s seasonal strength” on July 11, 2014, also Marketwatch.com with their article: “PowerShares Canada announces estimated 2016 annual distributions for Canadian …” published on November 18, 2016, Bloomberg.com published: “Low-Volatility Funds Got Volatile as U.S. Stock Market Sold Off” on September 11, 2016. More interesting news about BETA BEAR ETF UNITS (ASX:BEAR) were released by: Forbes.com and their article: “How To Invest In The Stock Market With Kevin O’Leary Of Shark Tank” published on July 18, 2015 as well as Profitconfidential.com‘s news article titled: “JNUG Stock: Direxion Daily Jr Gold Miners ETF Could Soar If This Happens” with publication date: January 26, 2016.

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