HSBC Shares Soar to 5-Year High: Is Now the Perfect Time to Buy?
HSBC HOLDINGS(HSBC) ZACKS·2024-12-27 12:46
HSBC Holdings (HSBC) shares touched a five-year high of $49.46 during Thursday's trading session. Year to date, the stock has risen 21.5%, outperforming the industry’s jump of 7.8%.In the same time frame, HSBC’s peer, UBS Group AG (UBS) , has declined 0.9%, while Barclays (BCS) shares have skyrocketed 70.5%. Year-to-Date Price Performance Image Source: Zacks Investment ResearchTechnical indicators suggest strength for HSBC. The stock is trading above its 50-day and 200-day moving averages. It signals robust ...