The stock of BMO SP 500 INDEX ETF (TSE:ZSP) hit a new 52-week high and has $53.84 target or 68.00% above today’s $32.05 share price. The 8 months bullish chart indicates low risk for the $2.79B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $53.84 price target is reached, the company will be worth $1.90B 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 1.44 million shares traded hands or 721.08% up from the average. BMO SP 500 INDEX ETF (TSE:ZSP) has risen 6.00% since April 5, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More news for BMO SP 500 INDEX ETF (TSE:ZSP) were recently published by: Theglobeandmail.com, which released: “BMO cuts annual management fees by more than 50% on some ETFs” on June 15, 2016. Marketwired.com‘s article titled: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” and published on September 20, 2016 is yet another important article.
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