After Reaching 52-Week High, Is First Asset US & Canada LifeCo Income FD’s Near-Term Analysis Positive?

 After Reaching 52 Week High, Is First Asset US & Canada LifeCo Income FD's Near Term Analysis Positive?

The stock of First Asset US & Canada LifeCo Income FD (TSE:FLI) hit a new 52-week high and has $30.62 target or 143.00% above today’s $12.60 share price. The 5 months bullish chart indicates low risk for the $121.11M company. The 1-year high was reported on Nov, 21 by If the $30.62 price target is reached, the company will be worth $173.19M 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 15,227 shares traded hands. First Asset US & Canada LifeCo Income FD (TSE:FLI) has risen 21.26% since April 19, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

More notable recent First Asset US & Canada LifeCo Income FD (TSE:FLI) news were published by: which released: “Eye on Shorts: What bearish investors are betting against” on February 04, 2015, also with their article: “Income Investors: Get a 5.9% Yield From Great-West Lifeco Inc.” published on September 09, 2015, published: “Canada’s top companies by industry” on July 03, 2013. More interesting news about First Asset US & Canada LifeCo Income FD (TSE:FLI) were released by: and their article: “Great-West Lifeco’s (GWLIF) CEO Paul Mahon on Q3 2016 Results – Earnings Call …” published on November 06, 2016 as well as‘s news article titled: “The new storyline for Canada’s big insurers: International operations” with publication date: July 11, 2014.

First Asset U.S. & Canada Lifeco Income ETF , formerly First Asset U.S. & Canada LifeCo Income Fund, is a Canada exchange traded fund. The company has a market cap of $121.11 million. The Fund’s investment objectives are to provide unitholders with quarterly cash distributions; the opportunity for capital appreciation, and lower overall volatility of portfolio returns than would be experienced by owning a portfolio of publicly traded common equity securities of the United States and Canadian life insurance companies by market capitalization directly. It currently has negative earnings. The Fund provides investors with a way to diversify their holdings within the financial sector, while also providing an opportunity to participate in the stock gains that life insurance companies are about to experience in a rising interest rate environment.

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