The stock of Tech Giants Covered Call ETF (TSE:TXF) hit a new 52-week high and has $35.93 target or 171.00% above today’s $13.26 share price. The 6 months bullish chart indicates low risk for the $96.69M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $35.93 price target is reached, the company will be worth $165.34 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 10,061 shares traded hands. Tech Giants Covered Call ETF (TSE:TXF) has risen 14.08% since April 15, 2016 and is uptrending. It has outperformed by 10.22% the S&P500.
More notable recent Tech Giants Covered Call ETF (TSE:TXF) news were published by: Theglobeandmail.com which released: “The case against covered call ETFs” on May 23, 2014, also Theglobeandmail.com with their article: “The top Canadian ETF needs tech to stay relevant” published on February 08, 2013, Seekingalpha.com published: “Boost Your Income With These ETFs” on April 21, 2014. More interesting news about Tech Giants Covered Call ETF (TSE:TXF) were released by: Forbes.com and their article: “Is It Worthwhile To Sell Covered Calls in Stocks Like Apple and ETFs Such As …” published on April 13, 2016 as well as Cnbc.com‘s news article titled: “Tech giants face child labor storm” with publication date: January 19, 2016.
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