Time to Buy PUMA VCT 9 PLC ORD 1P After Reaching 52-Week Low?

 Time to Buy PUMA VCT 9 PLC ORD 1P After Reaching 52 Week Low?

The stock of PUMA VCT 9 PLC ORD 1P (LON:PUM9) hit a new 52-week low and has GBX 60.06 target or 9.00% below today’s GBX 66.00 share price. The 8 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 60.06 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 decreased 18.52% or GBX 15 on November 28, hitting GBX 66. It is down 5.13% since April 29, 2016 and is downtrending. It has underperformed by 11.14% the S&P500.

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