The stock of BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF (TSE:ZWA) hit a new 52-week high and has $21.30 target or 9.00% above today’s $19.54 share price. The 5 months bullish chart indicates low risk for the $219.55 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $21.30 price target is reached, the company will be worth $19.76M 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. The ETF last traded at $19.54 per share. It is down 2.41% since April 19, 2016 and is uptrending. It has underperformed by 2.92% the S&P500.
More notable recent BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF (TSE:ZWA) news were published by: Theglobeandmail.com which released: “Dow hits 19000, price target hikes galore for RBC, and bets against pot stocks …” on November 22, 2016, also Theglobeandmail.com with their article: “Sell covered calls to boost returns? No thanks” published on November 18, 2016, Theglobeandmail.com published: “Three top ETF picks from JC Hood Investment’s John Hood” on April 13, 2015. More interesting news about BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF (TSE:ZWA) were released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” published on November 18, 2015 as well as Theglobeandmail.com‘s news article titled: “The case against covered call ETFs” with publication date: May 23, 2014.
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