Could ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC See a Reversal After Breaking Its 52-Week High?

 Could ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC See a Reversal After Breaking Its 52 Week High?

The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) hit a new 52-week high and has GBX 9.58 target or 9.00% above today’s GBX 8.79 share price. The 9 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 29 by Barchart.com. If the GBX 9.58 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 decreased 13.64% or GBX 1.39 on November 29, hitting GBX 8.79. About 29,328 shares traded hands or 257.31% up from the average. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) has risen 117.53% since April 20, 2016 and is uptrending. It has outperformed by 112.27% the S&P500.

Another recent and important ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG ZINC (LON:LZIC) news was published by Zacks.com which published an article titled: “10 Leveraged/Inverse ETFs Winners YTD” on October 19, 2015.

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