Could Hub24 Ltd See a Reversal After Breaking Its 52-Week High?

 Could Hub24 Ltd See a Reversal After Breaking Its 52 Week High?

The stock of Hub24 Ltd (ASX:HUB) hit a new 52-week high and has $6.25 target or 6.00% above today’s $5.90 share price. The 6 months bullish chart indicates low risk for the $315.42M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $6.25 price target is reached, the company will be worth $18.93 million 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 3.69% or $0.21 on November 29, hitting $5.9. About 71,126 shares traded hands or 9.45% up from the average. Hub24 Ltd (ASX:HUB) has risen 44.61% since May 3, 2016 and is uptrending. It has outperformed by 39.35% the S&P500.

More notable recent Hub24 Ltd (ASX:HUB) news were published by: Fool.com.Au which released: “Will the Hub24 Ltd takeover succeed?” on October 19, 2015, also Fool.com.Au with their article: “The Hub24 share price is soaring: Here’s why” published on January 15, 2016, Fool.com.Au published: “Fintech company Iress Ltd flags more strong growth in FY16: Should you buy?” on November 29, 2016. More interesting news about Hub24 Ltd (ASX:HUB) were released by: Fool.com.Au and their article: “Which software company keeps doubling revenues every year?” published on August 29, 2016 as well as Fool.com.Au‘s news article titled: “An investor’s guide to 2 growing ASX tech stocks” with publication date: January 20, 2015.

HUB24 Limited is a financial services company. The company has a market cap of $315.42 million. The Firm is engaged in providing investment and superannuation portfolio administration services, and licensee services. It currently has negative earnings. It operates the HUB24 investment and superannuation platform.

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