Could BMO US DIVIDEND ETF CAD See a Reversal After Breaking Its 52-Week High?

 Could BMO US DIVIDEND ETF CAD See a Reversal After Breaking Its 52 Week High?

The stock of BMO US DIVIDEND ETF CAD (TSE:ZDY) hit a new 52-week high and has $36.21 target or 31.00% above today’s $27.64 share price. The 9 months bullish chart indicates low risk for the $1.12B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $36.21 price target is reached, the company will be worth $347.20 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 25,610 shares traded hands or 4.10% up from the average. BMO US DIVIDEND ETF CAD (TSE:ZDY) has risen 9.96% since April 7, 2016 and is uptrending. It has outperformed by 5.18% the S&P500.

More important recent BMO US DIVIDEND ETF CAD (TSE:ZDY) news were published by: Business.Financialpost.com which released: “How to find the top US dividend funds” on August 22, 2014, also Theglobeandmail.com published article titled: “The case against covered call ETFs”, Marketwired.com published: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” on November 18, 2015. More interesting news about BMO US DIVIDEND ETF CAD (TSE:ZDY) was released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” with publication date: July 19, 2016.

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