Will BMO Covered Call Canadian Banks ETF Run Out of Steam Soon?

 Will BMO Covered Call Canadian Banks ETF Run Out of Steam Soon?

The stock of BMO Covered Call Canadian Banks ETF (TSE:ZWB) hit a new 52-week high and has $28.80 target or 61.00% above today’s $17.89 share price. The 8 months bullish chart indicates low risk for the $1.22B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $28.80 price target is reached, the company will be worth $744.20M 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 238,236 shares traded hands or 88.73% up from the average. BMO Covered Call Canadian Banks ETF (TSE:ZWB) has risen 9.22% since April 15, 2016 and is uptrending. It has outperformed by 5.36% the S&P500.

More notable recent BMO Covered Call Canadian Banks ETF (TSE:ZWB) news were published by: Theglobeandmail.com which released: “The case against covered call ETFs” on May 23, 2014, also Fool.ca with their article: “How to Get a 5.2% Monthly Dividend Yield From the Canadian Banks” published on July 06, 2015, Theglobeandmail.com published: “Three top ETFs from JC Hood’s John Hood” on January 19, 2016. More interesting news about BMO Covered Call Canadian Banks ETF (TSE:ZWB) were released by: Fool.ca and their article: “BMO S&P/TSX Equal Weight Banks Index ETF: Why You Should Own it” published on September 23, 2016 as well as Business.Financialpost.com‘s news article titled: “Covered call ETFs: Good for income, not return” with publication date: February 10, 2012.

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