Will Horizons AlphaPro Enhanced Income Financials ETF Run Out of Steam Soon?

 Will Horizons AlphaPro Enhanced Income Financials ETF Run Out of Steam Soon?

The stock of Horizons AlphaPro Enhanced Income Financials ETF (TSE:HEF) hit a new 52-week high and has $23.85 target or 176.00% above today’s $8.64 share price. The 8 months bullish chart indicates low risk for the $15.59 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $23.85 price target is reached, the company will be worth $27.44 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. The ETF last traded at $8.64 per share. It is down 8.54% since April 7, 2016 and is uptrending. It has outperformed by 2.40% the S&P500.

More important recent Horizons AlphaPro Enhanced Income Financials ETF (TSE:HEF) news were published by: Marketwatch.com which released: “Horizons announces July 2016 distributions for its covered call ETFs” on July 21, 2016, also Marketwatch.com published article titled: “Horizons Announces October 2016 Distributions for its Covered Call ETFs”, Theglobeandmail.com published: “Five ETFs to choose from as gold stocks finally come alive” on July 17, 2013. More interesting news about Horizons AlphaPro Enhanced Income Financials ETF (TSE:HEF) was released by: Theglobeandmail.com and their article: “Buy gold now: Five ETFs to consider” with publication date: July 17, 2012.

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