The stock of Fulcrum Utility Services Ltd (LON:FCRM) reached all time high today, Nov, 24 and still has GBX 53.51 target or 8.00% above today’s GBX 49.55 share price. This indicates more upside for the GBX 79.62M company. This technical setup was reported by Barchart.com. If the GBX 53.51 PT is reached, the company will be worth GBX 6.37 million 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 stock increased 0.10% or GBX 0.05 on November 24, hitting GBX 49.55. About 47,114 shares traded hands. Fulcrum Utility Services Ltd (LON:FCRM) has risen 27.74% since April 26, 2016 and is uptrending. It has outperformed by 22.33% the S&P500.
Fulcrum Utility Services Limited is an independent energy and multi-utility infrastructure and services provider. The company has a market cap of 79.62 million GBP. The Company’s principal activity includes the provision of unregulated utility connections and independent gas transportation services in the United Kingdom. It has a 19.14 P/E ratio. The Company’s divisions include infrastructure services and pipelines.
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