What Will Happen to PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF Next? The Stock Just Reaches 52-Week Low

 What Will Happen to PowerShares 1 5 Year Laddered Investment Grade Corporate Bond Index ETF Next? The Stock Just Reaches 52 Week Low

The stock of PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) hit a new 52-week low and has $17.95 target or 5.00% below today’s $18.89 share price. The 6 months bearish chart indicates high risk for the $718.88M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $17.95 price target is reached, the company will be worth $35.94 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 28,514 shares traded hands or 26.20% up from the average. PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) has declined 0.68% since April 5, 2016 and is downtrending. It has underperformed by 5.46% the S&P500.

More notable recent PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) news were published by: Zacks.com which released: “PowerShares Adds Laddered Bond ETF to Suite” on September 15, 2014, also Nasdaq.com with their article: “PowerShares Adds Laddered Bond ETF to Suite – ETF News And Commentary” published on September 15, 2014, Business.Financialpost.com published: “ETFs more complex than you think” on November 30, 2011. More interesting news about PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) were released by: Investmentnews.com and their article: “Bond ETFs’ resiliency surprises many investors” published on April 19, 2015 as well as Theglobeandmail.com‘s news article titled: “Beware the risk in bond funds” with publication date: July 10, 2013.

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