The stock of POWERSHR FTSE RAFI CAD IDX ETF (TSE:PXC) hit a new 52-week high and has $27.09 target or 5.00% above today’s $25.80 share price. The 6 months bullish chart indicates low risk for the $199.23 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $27.09 price target is reached, the company will be worth $9.96M 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 1,000 shares traded hands. POWERSHR FTSE RAFI CAD IDX ETF (TSE:PXC) has risen 15.18% since April 19, 2016 and is uptrending. It has outperformed by 9.85% the S&P500.
More notable recent POWERSHR FTSE RAFI CAD IDX ETF (TSE:PXC) news were published by: Marketwatch.com which released: “PowerShares Canada announces estimated 2016 annual distributions for Canadian …” on November 18, 2016, also Theglobeandmail.com with their article: “Is it worth making the shift to fundamental indexes?” published on April 22, 2013, Theglobeandmail.com published: “Eye on Shorts: What bearish investors are betting against” on September 06, 2016. More interesting news about POWERSHR FTSE RAFI CAD IDX ETF (TSE:PXC) were released by: Theglobeandmail.com and their article: “Japanese equity ETF gets boost from Abenomics” published on September 16, 2013 as well as Theglobeandmail.com‘s news article titled: “ETF basks in Japan’s shining first quarter” with publication date: April 11, 2013.
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