The stock of ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) hit a new 52-week high and has GBX 26.42 target or 4.00% above today’s GBX 25.40 share price. The 7 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 26.42 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 3.27% or GBX 0.86 on November 29, hitting GBX 25.4. About 27,562 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) has risen 18.27% since April 20, 2016 and is uptrending. It has outperformed by 13.02% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS COPPER (LON:COPA) were recently published by: Etftrends.com, which released: “Gold Miners Are Not a Substitute for Gold ETFs” on October 18, 2016. Zacks.com‘s article titled: “4 ETFs Deserving Special Thanks” and published on November 23, 2016 is yet another important article.
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