Could BMO Covered Call Canadian Banks ETF Lose its Strength? The Stock Reaches 52-Week High

 Could BMO Covered Call Canadian Banks ETF Lose its Strength? The Stock Reaches 52 Week High

The stock of BMO Covered Call Canadian Banks ETF (TSE:ZWB) hit a new 52-week high and has $20.74 target or 20.00% above today’s $17.28 share price. The 8 months bullish chart indicates low risk for the $1.17B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $20.74 price target is reached, the company will be worth $234.00 million 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. About 170,111 shares traded hands or 63.74% up from the average. BMO Covered Call Canadian Banks ETF (TSE:ZWB) has risen 6.88% since April 1, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.

More notable recent BMO Covered Call Canadian Banks ETF (TSE:ZWB) news were published by: Theglobeandmail.com which released: “The case against covered call ETFs” on May 23, 2014, also Theglobeandmail.com with their article: “Covered call ETFs: Are they for you?” published on May 11, 2012, Fool.ca published: “How to Get a 5.2% Monthly Dividend Yield From the Canadian Banks” on July 06, 2015. More interesting news about BMO Covered Call Canadian Banks ETF (TSE:ZWB) were released by: Theglobeandmail.com and their article: “Three top ETFs from JC Hood’s John Hood” published on January 19, 2016 as well as Business.Financialpost.com‘s news article titled: “Covered call ETFs: Good for income, not return” with publication date: February 10, 2012.

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