The stock of HSBC ETFS PLC HSBC S&P 500 UCITS ETF (LON:HSPX) reached all time high today, Nov, 24 and still has GBX 1834.43 target or 3.00% above today’s GBX 1781.00 share price. This indicates more upside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 1834.43 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 0.16% or GBX 2.8 on November 24, hitting GBX 1781. About 47,505 shares traded hands. HSBC ETFS PLC HSBC S&P 500 UCITS ETF (LON:HSPX) has risen 20.55% since April 15, 2016 and is uptrending. It has outperformed by 15.14% the S&P500.
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