The stock of ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT COPPER (LON:SCOP) hit a new 52-week low and has GBX 32.16 target or 3.00% below today’s GBX 33.15 share price. The 8 months bearish chart indicates high risk for the GBX company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 32.16 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 ETF increased 3.05% or GBX 0.98 on November 29, hitting GBX 33.15. About 2,196 shares traded hands. ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT COPPER (LON:SCOP) has declined 18.53% since April 20, 2016 and is downtrending. It has underperformed by 23.79% the S&P500.
More news for ETFS COMMODITY SECURITIES LIMITED ETFS 1X DAILY SHORT COPPER (LON:SCOP) were recently published by: Nasdaq.com, which released: “ETFs to Hedge Against a Retreating S&P 500” on September 13, 2016. Thestreet.com‘s article titled: “7 MLP Funds, With 1 Offering Inverse Exposure” and published on October 05, 2010 is yet another important article.
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