The stock of LLOYDS BANKING GROUP PLC ADR (EACH REPR 6.657% PREF SHS) REGS (LON:LLD5) hit a new 52-week low and has GBX 102.70 target or 6.00% below today’s GBX 109.25 share price. The 5 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 28 by Barchart.com. If the GBX 102.70 price target is reached, the company will be worth GBX less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock closed at GBX 109.25 during the last session. It is down 2.67% since July 2, 2015 and is downtrending. It has underperformed by 8.69% the S&P500.
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