The stock of Horizons BetaPro S&P 500 Bull Plus ETF (TSE:HSU) hit a new 52-week high and has $69.68 target or 100.00% above today’s $34.84 share price. The 7 months bullish chart indicates low risk for the $31.46 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $69.68 price target is reached, the company will be worth $31.46 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 30,613 shares traded hands. Horizons BetaPro S&P 500 Bull Plus ETF (TSE:HSU) has risen 9.53% since April 15, 2016 and is uptrending. It has outperformed by 5.66% the S&P500.
More important recent Horizons BetaPro S&P 500 Bull Plus ETF (TSE:HSU) news were published by: Theglobeandmail.com which released: “Turning market volatility into profits” on May 09, 2011, also Business.Financialpost.com published article titled: “Horizons BetaPro launches Canada’s first volatility ETFs”, Theglobeandmail.com published: “Tempted to bet on market volatility? Here’s why advisers urge caution” on February 16, 2016. More interesting news about Horizons BetaPro S&P 500 Bull Plus ETF (TSE:HSU) was released by: Midasletter.com and their article: “S&P/TSX Composite, S&P 500: Top Trades in Crisis Markets â€“ Horizons BetaPro ETFs” with publication date: January 20, 2016.
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