The stock of SSGA SPDR ETFS EUROPE II PLC SPDR RUSSELL 3000 US TOTAL MARKET ETF (LON:R3TM) hit a new 52-week high and has GBX 29.84 target or 5.00% above today’s GBX 28.42 share price. The 7 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 29.84 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 0.44% or GBX 0.12 on November 25, hitting GBX 28.42. About 28,000 shares traded hands or 4142.42% up from the average. SSGA SPDR ETFS EUROPE II PLC SPDR RUSSELL 3000 US TOTAL MARKET ETF (LON:R3TM) has risen 23.89% since April 19, 2016 and is uptrending. It has outperformed by 18.48% the S&P500.
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