Could BMO SPTSX EQL WGT GLB METAL HED CAD ETF See a Reversal After Breaking Its 52-Week High?

 Could BMO SPTSX EQL WGT GLB METAL HED CAD ETF See a Reversal After Breaking Its 52 Week High?

The stock of BMO SPTSX EQL WGT GLB METAL HED CAD ETF (TSE:ZMT) hit a new 52-week high and has $10.47 target or 8.00% above today’s $9.69 share price. The 8 months bullish chart indicates low risk for the $110.03M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $10.47 price target is reached, the company will be worth $8.80 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 4,600 shares traded hands. BMO SPTSX EQL WGT GLB METAL HED CAD ETF (TSE:ZMT) has risen 35.23% since April 19, 2016 and is uptrending. It has outperformed by 29.90% the S&P500.

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