The stock of AGL Energy Ltd (ASX:AGL) hit a new 52-week high and has $22.38 target or 7.00% above today’s $20.92 share price. The 7 months bullish chart indicates low risk for the $14.08B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $22.38 price target is reached, the company will be worth $985.60M 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 stock increased 0.10% or $0.02 on November 28, hitting $20.92. About 1.72 million shares traded hands. AGL Energy Ltd (ASX:AGL) has risen 13.20% since May 2, 2016 and is uptrending. It has outperformed by 7.19% the S&P500.
More notable recent AGL Energy Ltd (ASX:AGL) news were published by: Moodys.com which released: “Moody’s assigns first-time Baa2 issuer rating to AGL Energy” on February 08, 2016, also Marketwired.com with their article: “Australia-based AGL Energy Limited Joins Energy Impact Partners Global Coalition” published on November 14, 2016, Fool.com.Au published: “AGL Energy Ltd shares jump on half-year report” on February 09, 2016. More interesting news about AGL Energy Ltd (ASX:AGL) were released by: Fool.com.Au and their article: “Why the AGL Energy Ltd share price fell despite a jump in profit” published on August 10, 2016 as well as Fool.com.Au‘s news article titled: “AGL Energy Ltd shares surge on buyback & profit guidance: Is it a buy?” with publication date: September 28, 2016.
AGL Energy Limited is engaged in buying and selling of gas and electricity and related services and products; construction and/or operation of power generation and energy processing infrastructure; operation of natural gas storage facilities; extraction, production and sale of natural gas, and sale of distributed generation technologies, including solar, digital meters, storage and other business and residential energy services. The company has a market cap of $14.08 billion.
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