Nov
20
The stock of Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) reached all time high today, Nov, 20 and still has $37.24 target or 33.00% above today’s $28.00 share price. This indicates more upside for the $4.37 billion company. This technical setup was reported by Barchart.com. If the $37.24 PT is reached, the company will be worth $1.44B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock is up 2.71% or $0.74 after the news, hitting $28 per share. About 518,897 shares traded hands. Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) has risen 24.59% since April 20, 2015 and is uptrending. It has outperformed by 25.50% the SP500.
According to Zacks Investment Research, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia.” Get a free copy of the Zacks research report on Grupo Financiero Galicia S.A. (ADR) (GGAL)
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