The stock of BMO EQUAL WEIGHT US BANK IDX ETF (TSE:ZBK) hit a new 52-week high and has $32.90 target or 53.00% above today’s $21.50 share price. The 7 months bullish chart indicates low risk for the $560.69M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $32.90 price target is reached, the company will be worth $297.17M 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 11,073 shares traded hands. BMO EQUAL WEIGHT US BANK IDX ETF (TSE:ZBK) has risen 38.94% since April 11, 2016 and is uptrending. It has outperformed by 32.79% the S&P500.
More notable recent BMO EQUAL WEIGHT US BANK IDX ETF (TSE:ZBK) news were published by: Theglobeandmail.com which released: “US banks boost ETF to top spot in 2012” on January 07, 2013, also Theglobeandmail.com with their article: “ETFs you should get to know – and those to avoid” published on August 24, 2012, Marketwired.com published: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” on November 18, 2015. More interesting news about BMO EQUAL WEIGHT US BANK IDX ETF (TSE:ZBK) were released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on September 20, 2016 as well as Theglobeandmail.com‘s news article titled: “Top three ETF picks from Shaunessy Investment’s Terry Shaunessy” with publication date: March 15, 2016.
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