Is Buying All-time Stock Like First Asset US & Canada LifeCo Income FD a Winning Strategy?

 Is Buying All time Stock Like First Asset US & Canada LifeCo Income FD a Winning Strategy?

The stock of First Asset US & Canada LifeCo Income FD (TSE:FLI) reached all time high today, Nov, 21 and still has $24.21 target or 92.00% above today’s $12.61 share price. This indicates more upside for the $121.11M company. This technical setup was reported by Barchart.com. If the $24.21 PT is reached, the company will be worth $111.42M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 17,827 shares traded hands or 10.63% up from the average. 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: Theglobeandmail.com which released: “Eye on Shorts: What bearish investors are betting against” on February 04, 2015, also Fool.ca with their article: “Income Investors: Get a 5.9% Yield From Great-West Lifeco Inc.” published on September 09, 2015, Theglobeandmail.com 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: Seekingalpha.com 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 Theglobeandmail.com‘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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