The stock of POWERSHARES GLBAL FUNDS IRELAND PLC POWERSHARES DYNAMIC US MARKET UCITS ETF (LON:PSWC) hit a new 52-week high and has GBX 1338.52 target or 9.00% above today’s GBX 1228.00 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 1338.52 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 0.47% or GBX 5.75 on November 24, hitting GBX 1228. POWERSHARES GLBAL FUNDS IRELAND PLC POWERSHARES DYNAMIC US MARKET UCITS ETF (LON:PSWC) has risen 8.72% since April 13, 2016 and is uptrending. It has outperformed by 3.31% the S&P500.
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