Could Eastern European Property Fund Limited Go Down After Reaching 52-Week High?

 Could Eastern European Property Fund Limited Go Down After Reaching 52 Week High?

The stock of Eastern European Property Fund Limited (LON:EEP) hit a new 52-week high and has GBX 51.36 target or 7.00% above today’s GBX 48.00 share price. The 7 months bullish chart indicates low risk for the GBX 7.39M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the GBX 51.36 price target is reached, the company will be worth GBX 517,300 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 4.95% or GBX 2.5 on November 24, hitting GBX 48. Eastern European Property Fund Limited (LON:EEP) has declined 49.28% since April 27, 2016 and is downtrending. It has underperformed by 54.69% the S&P500.

More recent Eastern European Property Fund Limited (LON:EEP) news were published by: Bloomberg.com which released: “‘Panic’ Brexit Withdrawals Freeze $23 Billion Property Funds” on July 06, 2016. Also Ft.com published the news titled: “Crisis-era tremors shake property funds” on June 03, 2016. Wsj.com‘s news article titled: “European Property Investors Look Beyond London” with publication date: October 24, 2016 was also an interesting one.

Eastern European Property Fund Limited is a closed-ended investment company. The company has a market cap of 7.39 million GBP. The Company’s investment objective is to carry out an orderly realization of its portfolio of assets, distribution of the net proceeds to shareholders and then undertake a voluntary winding-up of the Company. It has a 11.33 P/E ratio. The Firm invests in properties located in Turkey, Bulgaria and Romania.

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