The stock of AGL Energy Ltd (ASX:AGL) reached all time high today, Nov, 28 and still has $21.55 target or 3.00% above today’s $20.92 share price. This indicates more upside for the $14.08B company. This technical setup was reported by Barchart.com. If the $21.55 PT is reached, the company will be worth $422.40M 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 0.10% 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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