The stock of Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) reached all time low today, Nov, 14 and still has $17.28 target or 9.00% below today’s $18.99 share price. This indicates more downside for the $2.02B company. This technical setup was reported by Barchart.com. If the $17.28 PT is reached, the company will be worth $181.80 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 25,342 shares traded hands. Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) has declined 0.47% since April 8, 2016 and is downtrending. It has underperformed by 5.45% the S&P500.
More notable recent Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) news were published by: Theglobeandmail.com which released: “Look to ETFs to hedge against rising rates” on February 11, 2011, also Theglobeandmail.com with their article: “Commission-free ETFs: A big boost for small investors” published on November 18, 2011, Business.Financialpost.com published: “BlackRock dominates in Canadian ETFs” on January 16, 2012. More interesting news about Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) were released by: Theglobeandmail.com and their article: “In praise of a much maligned investment” published on January 15, 2010 as well as Theglobeandmail.com‘s news article titled: “A milestone in low-cost investing” with publication date: September 14, 2011.
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