The stock of SPHERE FTSE EMERG MKTS YLD IDX ETF (TSE:SHZ) reached all time low today, Nov, 16 and still has $8.23 target or 14.00% below today’s $9.57 share price. This indicates more downside for the $4.84 million company. This technical setup was reported by Barchart.com. If the $8.23 PT is reached, the company will be worth $677,600 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 25,000 shares traded hands or 78.38% up from the average. SPHERE FTSE EMERG MKTS YLD IDX ETF (TSE:SHZ) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
More recent SPHERE FTSE EMERG MKTS YLD IDX ETF (TSE:SHZ) news were published by: Marketwatch.com which released: “Sphere FTSE Emerging Markets Sustainable Yield Index ETF” on October 17, 2016. Also Businesswire.com published the news titled: “Sphere Investments Selects State Street as Custodian” on October 17, 2016. Theglobeandmail.com‘s news article titled: “Even more ETFs are coming to Canada” with publication date: March 08, 2016 was also an interesting one.
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