Could Claymore Canadian Fundamental Index ETF See a Reversal After Breaking Its 52-Week High?

 Could Claymore Canadian Fundamental Index ETF See a Reversal After Breaking Its 52 Week High?

The stock of Claymore Canadian Fundamental Index ETF (TSE:CRQ) hit a new 52-week high and has $22.15 target or 53.00% above today’s $14.48 share price. The 6 months bullish chart indicates low risk for the $182.38M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $22.15 price target is reached, the company will be worth $96.66 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 13,755 shares traded hands or 17.15% up from the average. Claymore Canadian Fundamental Index ETF (TSE:CRQ) has risen 18.14% since April 7, 2016 and is uptrending. It has outperformed by 11.99% the S&P500.

More notable recent Claymore Canadian Fundamental Index ETF (TSE:CRQ) news were published by: Theglobeandmail.com which released: “Is it worth making the shift to fundamental indexes?” on April 22, 2013, also Business.Financialpost.com with their article: “Fundamental ETFs worth a look” published on February 16, 2011, Theglobeandmail.com published: “Trick question: What performs better than an index fund?” on June 12, 2014. More interesting news about Claymore Canadian Fundamental Index ETF (TSE:CRQ) were released by: Business.Financialpost.com and their article: “BlackRock dominates in Canadian ETFs” published on January 16, 2012 as well as Business.Financialpost.com‘s news article titled: “What’s in your ETF?” with publication date: November 11, 2011.

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