The stock of ETFS COMMODITY SECURITIES LIMITED ETFS ZINC (LON:ZINC) hit a new 52-week high and has GBX 8.40 target or 5.00% above today’s GBX 8.00 share price. The 5 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 24 by Barchart.com. If the GBX 8.40 price target is reached, the company will be worth GBX 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 ETF increased 2.94% or GBX 0.23 on November 24, hitting GBX 8. About 68,570 shares traded hands or 234.05% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS ZINC (LON:ZINC) has risen 39.94% since April 15, 2016 and is uptrending. It has outperformed by 34.53% the S&P500.
Another recent and important ETFS COMMODITY SECURITIES LIMITED ETFS ZINC (LON:ZINC) news was published by Seekingalpha.com which published an article titled: “Crude Bulls Looking For $55 A Barrel” on November 22, 2016.
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