The stock of JPMorgan American Investment Trust PLC (LON:JAM) reached all time high today, Nov, 24 and still has GBX 387.23 target or 7.00% above today’s GBX 361.90 share price. This indicates more upside for the GBX 935.56M company. This technical setup was reported by Barchart.com. If the GBX 387.23 PT is reached, the company will be worth GBX 65.49 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 0.28% or GBX 1 on November 24, hitting GBX 361.9. About 103,072 shares traded hands. JPMorgan American Investment Trust PLC (LON:JAM) has risen 19.86% since April 27, 2016 and is uptrending. It has outperformed by 14.45% the S&P500.
JPMorgan American Investment Trust plc is a United Kingdom investment trust. The company has a market cap of 935.56 million GBP. The Company’s objective is to achieve capital growth from North American investments by outperformance of the Company’s benchmark, which is the S&P 500 Index . It has a 8.77 P/E ratio. The Firm invests in North American quoted companies, including exposure to smaller capitalization stocks.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.