The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COPPER (LON:LCOP) hit a new 52-week high and has GBX 6.80 target or 4.00% above today’s GBX 6.54 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 6.80 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 5.73% or GBX 0.4 on November 29, hitting GBX 6.54. About 5,961 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COPPER (LON:LCOP) has risen 34.03% since April 21, 2016 and is uptrending. It has outperformed by 28.77% the S&P500.
More notable recent ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COPPER (LON:LCOP) news were published by: Seekingalpha.com which released: “How To Buy The Best Copper ETF” on June 07, 2012, also Etfdailynews.com with their article: “ETF Tax Tutorial: Complete List Of ETFs That Issue A K-1” published on February 14, 2012, Etfdb.com published: “ETFs and K-1s Tax Reporting” on February 13, 2012. More interesting news about ETFS COMMODITY SECURITIES LIMITED ETFS 2X DAILY LONG COPPER (LON:LCOP) were released by: Nasdaq.com and their article: “ETFs to Hedge Against a Retreating S&P 500” published on September 13, 2016 as well as Zacks.com‘s news article titled: “10 Leveraged/Inverse ETFs Winners YTD” with publication date: October 19, 2015.
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