The stock of BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) reached all time high today, Nov, 14 and still has $38.97 target or 57.00% above today’s $24.82 share price. This indicates more upside for the $891.90 million company. This technical setup was reported by Barchart.com. If the $38.97 PT is reached, the company will be worth $508.38 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 150,352 shares traded hands. BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) has risen 11.90% since April 8, 2016 and is uptrending. It has outperformed by 6.92% the S&P500.
More notable 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 with their article: “Picking Banks: Exchange-Traded Funds or Single Stock Purchases?” published on September 24, 2015, Marketwired.com published: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on September 20, 2016. More interesting news about BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) were released by: Theglobeandmail.com and their article: “The case against covered call ETFs” published on May 23, 2014 as well as Business.Financialpost.com‘s news article titled: “Why dividend ETFs are pulling investors in” with publication date: March 07, 2014.
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