The stock of HORIZONS CDN SELECT UNIVERSE BOND ETF (TSE:HBB) hit a new 52-week high and has $70.43 target or 60.00% above today’s $44.02 share price. The 8 months bullish chart indicates low risk for the $197.15M company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $70.43 price target is reached, the company will be worth $118.29M 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 11,912 shares traded hands or 200.28% up from the average. HORIZONS CDN SELECT UNIVERSE BOND ETF (TSE:HBB) has risen 1.03% since April 12, 2016 and is uptrending. It has underperformed by 3.96% the S&P500.
More notable recent HORIZONS CDN SELECT UNIVERSE BOND ETF (TSE:HBB) news were published by: Theglobeandmail.com which released: “Six unusual ETFs that are new to Canada” on November 21, 2014, also Theglobeandmail.com with their article: “Eye on Shorts: What bearish investors are betting against” published on March 23, 2016, Theglobeandmail.com published: “Yield hunters will be drawn to Canadian municipal-debt ETF” on August 12, 2015. More interesting news about HORIZONS CDN SELECT UNIVERSE BOND ETF (TSE:HBB) were released by: Theglobeandmail.com and their article: “What investors need to know about tactical bond ETFs” published on July 03, 2015 as well as Theglobeandmail.com‘s news article titled: “Top picks from the ETF universe” with publication date: October 07, 2013.
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