Is Buying 52-Week Stock Like FA US EQUITY MULTI FACTOR IDX ETF a Winning Strategy?

 Is Buying 52 Week Stock Like FA US EQUITY MULTI FACTOR IDX ETF a Winning Strategy?

The stock of FA US EQUITY MULTI FACTOR IDX ETF (TSE:FUM) hit a new 52-week high and has $55.94 target or 175.00% above today’s $20.34 share price. The 8 months bullish chart indicates low risk for the $990,000 company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $55.94 price target is reached, the company will be worth $1.73M 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 12,100 shares traded hands or 3242.54% up from the average. FA US EQUITY MULTI FACTOR IDX ETF (TSE:FUM) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

More recent FA US EQUITY MULTI FACTOR IDX ETF (TSE:FUM) news were published by: Marketwatch.com which released: “3 NEW First Asset ETFs based on CIBC Index Strategies” on October 18, 2016. Also Benzinga.com published the news titled: “Deutsche AM Adds Multi-Factor Small-Cap ETF” on June 29, 2016. Cnbc.com‘s news article titled: “How to beat the market without trying (Yes, really)” with publication date: October 06, 2015 was also an interesting one.

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