The stock of BMO SP 500 INDEX ETF (TSE:ZSP) hit a new 52-week high and has $35.69 target or 9.00% above today’s $32.74 share price. The 8 months bullish chart indicates low risk for the $2.80 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $35.69 price target is reached, the company will be worth $252.00M 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 9,185 shares traded hands. BMO SP 500 INDEX ETF (TSE:ZSP) has risen 11.84% since April 19, 2016 and is uptrending. It has outperformed by 6.51% the S&P500.
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