Is Selling 52-Week Stock Like Washington H. Soul Pattinson and Co. Ltd a Winning Strategy?

 Is Selling 52 Week Stock Like Washington H. Soul Pattinson and Co. Ltd a Winning Strategy?

The stock of Washington H. Soul Pattinson and Co. Ltd (ASX:SOL) hit a new 52-week low and has $13.82 target or 6.00% below today’s $14.70 share price. The 5 months bearish chart indicates high risk for the $3.52B company. The 1-year low was reported on Nov, 30 by Barchart.com. If the $13.82 price target is reached, the company will be worth $211.20M 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 stock decreased 0.14% or $0.02 on November 30, hitting $14.7. About 142,607 shares traded hands or 15.13% up from the average. Washington H. Soul Pattinson and Co. Ltd (ASX:SOL) has declined 8.41% since May 4, 2016 and is downtrending. It has underperformed by 13.64% the S&P500.

More notable recent Washington H. Soul Pattinson and Co. Ltd (ASX:SOL) news were published by: Fool.com.Au which released: “3 reasons to love Washington H. Soul Pattinson and Co. Ltd shares” on November 01, 2016, also Fool.com.Au with their article: “Is Washington H. Soul Pattinson and Co. Ltd the ASX’s best dividend stock?” published on September 22, 2016, Fool.com.Au published: “Why the Washington H. Soul Pattinson and Co. Ltd share price is rising today” on March 23, 2016. More interesting news about Washington H. Soul Pattinson and Co. Ltd (ASX:SOL) were released by: Fool.com.Au and their article: “How TPG Telecom Ltd could torpedo Washington H. Soul Pattinson and Co. Ltd shares” published on October 16, 2016 as well as Fool.com.Au‘s news article titled: “Washington H. Soul Pattinson and Co. Ltd reports interim results: Should you buy?” with publication date: March 26, 2015.

Washington H. Soul Pattinson and Company Limited is engaged in ownership of shares, coal mining, gold and copper mining and refining, property investment and consulting. The company has a market cap of $3.52 billion. It has five divisions: investing activities, energy, copper and gold operations, corporate advisory and property. It has a 23.55 P/E ratio. The Company’s investment segment is engaged in investing in cash, term deposits and equity investments.

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