The stock of SSGA SPDR ETFS EUROPE I PLC SPDR S&P 400 US MID CAP UCITS ETF (LON:SPY4) hit a new 52-week high and has GBX 49.21 target or 6.00% above today’s GBX 46.42 share price. The 9 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 49.21 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 decreased 0.01% or GBX 0.01 on November 25, hitting GBX 46.42. About 22,764 shares traded hands. SSGA SPDR ETFS EUROPE I PLC SPDR S&P 400 US MID CAP UCITS ETF (LON:SPY4) has risen 11.98% since April 15, 2016 and is uptrending. It has outperformed by 6.57% the S&P500.
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