The stock of Betashares Australian High Interest Cash ETF (ASX:AAA) hit a new 52-week low and has $48.07 target or 4.00% below today’s $50.07 share price. The 5 months bearish chart indicates high risk for the $ company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $48.07 price target is reached, the company will be worth $ 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 closed at $50.07 during the last session. It is up 0.04% since April 26, 2016 and is downtrending. It has underperformed by 5.97% the S&P500.
Another recent and important Betashares Australian High Interest Cash ETF (ASX:AAA) news was published by Fool.com.Au which published an article titled: “How to setup the perfect diversified portfolio: Part II” on April 01, 2015.
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