Claymore Canadian Financial Monthly Income ETF’s Stock Is Buy After Reaching 52-Week High

 Claymore Canadian Financial Monthly Income ETF's Stock Is Buy After Reaching 52 Week High

The stock of Claymore Canadian Financial Monthly Income ETF (TSE:FIE) hit a new 52-week high and has $10.64 target or 57.00% above today’s $6.78 share price. The 5 months bullish chart indicates low risk for the $365.98 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $10.64 price target is reached, the company will be worth $208.61 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 237,683 shares traded hands or 157.55% up from the average. Claymore Canadian Financial Monthly Income ETF (TSE:FIE) has risen 4.50% since April 5, 2016 and is uptrending. It has underperformed by 0.29% the S&P500.

More notable recent Claymore Canadian Financial Monthly Income ETF (TSE:FIE) news were published by: Theglobeandmail.com which released: “Stop-loss orders turn into double-edged sword” on May 07, 2010, also Business.Financialpost.com with their article: “Gordon Pape: “no fan” of indexing or couch potato portfolios” published on January 04, 2012, Theglobeandmail.com published: “Top ETF picks for your RRSP” on February 16, 2011. More interesting news about Claymore Canadian Financial Monthly Income ETF (TSE:FIE) were released by: Theglobeandmail.com and their article: “How to find funds that deliver steady income” published on March 24, 2010 as well as Theglobeandmail.com‘s news article titled: “ETFs pay dividends without single-stock risk” with publication date: October 14, 2009.

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