The stock of ISHARES US FUNDAMENTAL INDEX ETF (TSE:CLU) hit a new 52-week high and has $53.08 target or 85.00% above today’s $28.69 share price. The 9 months bullish chart indicates low risk for the $145.91 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $53.08 price target is reached, the company will be worth $124.02M 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 550 shares traded hands. ISHARES US FUNDAMENTAL INDEX ETF (TSE:CLU) has risen 9.91% since April 11, 2016 and is uptrending. It has outperformed by 5.98% the S&P500.
More notable recent ISHARES US FUNDAMENTAL INDEX ETF (TSE:CLU) news were published by: Businesswire.com which released: “BlackRock Canada Intends to Switch the Listing Venue of Certain iShares Funds …” on September 13, 2016, also Marketwired.com with their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016, Marketwired.com published: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” on June 08, 2016. More interesting news about ISHARES US FUNDAMENTAL INDEX ETF (TSE:CLU) were released by: Etfdailynews.com and their article: “BlackRock: Health Care Sector Sell-Off Overdone” published on October 20, 2016 as well as Seekingalpha.com‘s news article titled: “When Emerging Markets Grow Up” with publication date: November 15, 2016.
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