The stock of Energy Leaders Plus Income Fund (TSE:HPF) hit a new 52-week high and has $13.69 target or 132.00% above today’s $5.90 share price. The 5 months bullish chart indicates low risk for the $20.52M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $13.69 price target is reached, the company will be worth $27.09 million 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 13,200 shares traded hands or 439900.00% up from the average. Energy Leaders Plus Income Fund (TSE:HPF) has declined 2.17% since April 18, 2016 and is downtrending. It has underperformed by 6.79% the S&P500.
Another recent and important Energy Leaders Plus Income Fund (TSE:HPF) news was published by Kansascity.com which published an article titled: “Editorials from around New York” on November 16, 2016.
Energy Leaders Plus Income Fund is a closed-end investment fund. The company has a market cap of $20.52 million. The Fund’s investment objectives are to provide Unitholders with monthly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would otherwise be experienced by owning equity securities of the Company directly. It currently has negative earnings. The Fund invests in a portfolio of equity securities of energy issuers that have a market capitalization of at least $10 billion at the time of investment; are paying a dividend/distribution; have options in respect of their equity securities listed on a recognized options exchange, and have activities and/or offices in approximately two countries.
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