The stock of Horizons Betapro S&P 500 Index C$ Hedged ETF (TSE:HXS) hit a new 52-week high and has $58.79 target or 7.00% above today’s $54.94 share price. The 6 months bullish chart indicates low risk for the $514.25M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $58.79 price target is reached, the company will be worth $36.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 760 shares traded hands. Horizons Betapro S&P 500 Index C$ Hedged ETF (TSE:HXS) has risen 12.52% since April 19, 2016 and is uptrending. It has outperformed by 7.19% the S&P500.
More recent Horizons Betapro S&P 500 Index C$ Hedged ETF (TSE:HXS) news were published by: Theglobeandmail.com which released: “Volatility products offer tempting but dangerous investment” on September 13, 2011. Also Seekingalpha.com published the news titled: “No ‘Bull’ About Leveraged Gold Bull ETFs” on November 21, 2012. Bnn.ca‘s news article titled: “Keith Richards’ Top Picks: August 24, 2016” with publication date: August 24, 2016 was also an interesting one.
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