
Cresud S.A.C.I.F. y A. (ADR) Surges to 52-Week High, Is Now Top Performer
The stock of Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) hit a new 52-week high and has $23.88 target or 69.00% above today’s $14.13 share price. The 7 months bullish chart indicates low risk for the $745.03 million company. The 1-year high was reported on Jul, 1 by Barchart.com. If the $23.88 price target is reached, the company will be worth $514.07M 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. The stock increased 3.52% or $0.48 on June 30, hitting $14.13. About 328,036 shares traded hands or 40.53% up from the average. Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) has risen 26.73% since November 24, 2015 and is uptrending. It has outperformed by 27.48% the S&P500.
Analysts await Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) to report earnings on September, 5.
According to Zacks Investment Research, “CRESUD SA-ADR is involved in the Agriculture Industry. They are based in Argentine and they produce basic agricultural products. Products such as beef, milk or crops.”
http://presstelegraph.com/2016/06/30/cr ... performer/