The stock of South32 Ltd (ASX:S32) reached all time high today, Nov, 24 and still has $3.05 target or 7.00% above today’s $2.85 share price. This indicates more upside for the $15.17B company. This technical setup was reported by Barchart.com. If the $3.05 PT is reached, the company will be worth $1.06 billion 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 decreased 1.04% or $0.03 on November 24, hitting $2.85. About 19.28M shares traded hands. South32 Ltd (ASX:S32) has risen 72.73% since April 28, 2016 and is uptrending. It has outperformed by 67.32% the S&P500.
More important recent South32 Ltd (ASX:S32) news were published by: Wsj.com which released: “A Year After Spinoff from BHP, South32 Shapes Up” on June 02, 2016, also Fool.com.Au published article titled: “Can South32 Ltd shares go higher?”, Fool.com.Au published: “Why South32 Ltd shares are sinking on its year to forget” on August 25, 2016. More interesting news about South32 Ltd (ASX:S32) was released by: Fool.com.Au and their article: “South32 Ltd shares go gangbusters on dividend talk” with publication date: July 12, 2016.
South32 Limited is a metals and mining company. The company has a market cap of $15.17 billion.
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