The stock of BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) hit a new 52-week low and has $12.81 target or 9.00% below today’s $14.08 share price. The 8 months bearish chart indicates high risk for the $552.67M company. The 1-year low was reported on Sep, 13 by Barchart.com. If the $12.81 price target is reached, the company will be worth $49.74M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 15,680 shares traded hands or 273.24% up from the average. BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) has declined 1.33% since February 5, 2016 and is downtrending. It has underperformed by 17.82% the S&P500.
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