The stock of BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) hit a new 52-week high and has $38.25 target or 50.00% above today’s $25.50 share price. The 8 months bullish chart indicates low risk for the $903.26M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $38.25 price target is reached, the company will be worth $451.63M 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 1.07 million shares traded hands or 426.33% up from the average. BMO SP TSX EQUAL WEIGHT BANKS INDEX ETF (TSE:ZEB) has risen 10.75% since April 15, 2016 and is uptrending. It has outperformed by 6.89% the S&P500.
More 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 published the news titled: “Picking Banks: Exchange-Traded Funds or Single Stock Purchases?” on September 24, 2015. Theglobeandmail.com‘s news article titled: “The case against covered call ETFs” with publication date: May 23, 2014 was also an interesting one.
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