The stock of Claymore 1-10 Yr Laddered Corporate Bond ETF (TSE:CBH) hit a new 52-week low and has $16.95 target or 13.00% below today’s $19.48 share price. The 5 months bearish chart indicates high risk for the $213.53 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $16.95 price target is reached, the company will be worth $27.76M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 14,671 shares traded hands or 42.01% up from the average. Claymore 1-10 Yr Laddered Corporate Bond ETF (TSE:CBH) has declined 0.20% since April 8, 2016 and is downtrending. It has underperformed by 5.19% the S&P500.
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