The stock of BMO Junior Oil Index ETF (TSE:ZJO) hit a new 52-week high and has $17.40 target or 4.00% above today’s $16.73 share price. The 8 months bullish chart indicates low risk for the $47.02 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $17.40 price target is reached, the company will be worth $1.88 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. The ETF last traded at $16.73 per share. It is down 23.01% since April 19, 2016 and is uptrending. It has outperformed by 17.69% the S&P500.
More notable recent BMO Junior Oil Index ETF (TSE:ZJO) news were published by: Theglobeandmail.com which released: “ETFs to ride the Canadian energy sector roller coaster” on March 18, 2011, also Business.Financialpost.com with their article: “BMO unveils more Equal Weighted ETFs; Emerging Markets and Real Return Bond ETFs” published on May 26, 2010, Theglobeandmail.com published: “An easy way to play complex sectors” on February 11, 2011. More interesting news about BMO Junior Oil Index ETF (TSE:ZJO) were released by: Business.Financialpost.com and their article: “Getting Cozy with junior oil & gas” published on March 25, 2011 as well as Theglobeandmail.com‘s news article titled: “Eye on the oil patch: 15 top natural resource funds” with publication date: October 21, 2013.
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