Could BMO Canada Divdends ETF See a Reversal After Breaking Its 52-Week High?

 Could BMO Canada Divdends ETF See a Reversal After Breaking Its 52 Week High?

The stock of BMO Canada Divdends ETF (TSE:ZDV) hit a new 52-week high and has $17.85 target or 7.00% above today’s $16.68 share price. The 7 months bullish chart indicates low risk for the $681.82M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $17.85 price target is reached, the company will be worth $47.73M 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 2,640 shares traded hands. BMO Canada Divdends ETF (TSE:ZDV) has risen 7.49% since April 19, 2016 and is uptrending. It has outperformed by 2.16% the S&P500.

More recent BMO Canada Divdends ETF (TSE:ZDV) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014. Also Business.Financialpost.com published the news titled: “Jonathan Chevreau: Why dividend funds are a smart financial move” on July 14, 2015. Theglobeandmail.com‘s news article titled: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” with publication date: November 22, 2014 was also an interesting one.

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