Market Overview

GlaxoSmithKline Hits New 52-Week High of 44.42

Share:

Many traders and investors see the 52-week high or low as an important indicator.

Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance.

In this case, shares are hitting new 52-week highs. Traders and investors believe this to be a positive indicator that the stock will continue its trend.

Posted-In: News Intraday Update Movers

 

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