Is Buying 52-Week Stock Like Woori Bank American Depositary Shares (Each representing 3 shares of ) (WF) a Winning Strategy?

July 17, 2017 - By Marie Mckinney

The stock of Woori Bank American Depositary Shares (Each representing 3 shares of ) (NYSE:WF) hit a new 52-week high and has $52.68 target or 6.00 % above today’s $49.70 share price. The 5 months bullish chart indicates low risk for the $11.12B company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $52.68 price target is reached, the company will be worth $667.20 million 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.

About 4,445 shares traded. Woori Bank American Depositary Shares (Each representing 3 shares of ) (NYSE:WF) has risen 62.14% since July 17, 2016 and is uptrending. It has outperformed by 45.44% the S&P500.

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