After Reaching 52-Week High, Is FIRST ASSET CANBANC INCOME CLASS ETF’s Near-Term Analysis Positive?

 After Reaching 52 Week High, Is FIRST ASSET CANBANC INCOME CLASS ETF's Near Term Analysis Positive?

The stock of FIRST ASSET CANBANC INCOME CLASS ETF (TSE:CIC) hit a new 52-week high and has $31.94 target or 188.00% above today’s $11.09 share price. The 8 months bullish chart indicates low risk for the $142.78M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $31.94 price target is reached, the company will be worth $268.43M 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 2,000 shares traded hands. FIRST ASSET CANBANC INCOME CLASS ETF (TSE:CIC) has risen 12.18% since April 7, 2016 and is uptrending. It has outperformed by 6.04% the S&P500.

More news for FIRST ASSET CANBANC INCOME CLASS ETF (TSE:CIC) were recently published by: Economictimes.Indiatimes.com, which released: “After Pune, Nashik is emerging as latest hub for tech startups in India” on August 06, 2016. Economictimes.Indiatimes.com‘s article titled: “Ravi Shankar Prasad to launch Electronics Development Fund on Feb 15” and published on February 12, 2016 is yet another important article.

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