The stock of Claymore Canadian Financial Monthly Income ETF (TSE:FIE) hit a new 52-week high and has $12.55 target or 79.00% above today’s $7.01 share price. The 5 months bullish chart indicates low risk for the $374.10M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $12.55 price target is reached, the company will be worth $295.54 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 101,355 shares traded hands. Claymore Canadian Financial Monthly Income ETF (TSE:FIE) has risen 5.30% since April 15, 2016 and is uptrending. It has outperformed by 1.43% the S&P500.
More important recent Claymore Canadian Financial Monthly Income ETF (TSE:FIE) news were published by: Business.Financialpost.com which released: “Gordon Pape: â€œno fanâ€ of indexing or couch potato portfolios” on January 04, 2012, also Theglobeandmail.com published article titled: “Top ETF picks for your RRSP”, Theglobeandmail.com published: “How to find funds that deliver steady income” on March 24, 2010. More interesting news about Claymore Canadian Financial Monthly Income ETF (TSE:FIE) was released by: Theglobeandmail.com and their article: “Why you can’t trust the yields on preferred ETFs” with publication date: September 04, 2015.
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