The stock of BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) hit a new 52-week high and has $33.61 target or 36.00% above today’s $24.71 share price. The 8 months bullish chart indicates low risk for the $894.60 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $33.61 price target is reached, the company will be worth $322.06 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 75,035 shares traded hands. BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) has risen 13.45% since April 7, 2016 and is uptrending. It has outperformed by 7.30% the S&P500.
More important recent BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) news were published by: Fool.ca which released: “BMO S&P/TSX Equal Weight Banks Index ETF: Why You Should Own it” on September 23, 2016, also Fool.ca published article titled: “Picking Banks: Exchange-Traded Funds or Single Stock Purchases?”, Theglobeandmail.com published: “The case against covered call ETFs” on May 23, 2014. More interesting news about BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) was released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” with publication date: September 20, 2016.
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