The stock of SPHERE FTSE EMERG MKTS YLD IDX ETF (TSE:SHZ) hit a new 52-week low and has $8.87 target or 10.00% below today’s $9.86 share price. The 5 months bearish chart indicates high risk for the $5.01 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $8.87 price target is reached, the company will be worth $501,000 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 20,000 shares traded hands or 24.80% up from the average. SPHERE FTSE EMERG MKTS YLD IDX ETF (TSE:SHZ) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
More recent SPHERE FTSE EMERG MKTS YLD IDX ETF (TSE:SHZ) news were published by: Marketwatch.com which released: “Sphere FTSE Emerging Markets Sustainable Yield Index ETF” on October 17, 2016. Also Businesswire.com published the news titled: “Sphere Investments Selects State Street as Custodian” on October 17, 2016. Theglobeandmail.com‘s news article titled: “Even more ETFs are coming to Canada” with publication date: March 08, 2016 was also an interesting one.
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