The stock of XTF Morningstar Canada Value Index ETF (TSE:FXM) hit a new 52-week high and has $14.72 target or 7.00% above today’s $13.76 share price. The 9 months bullish chart indicates low risk for the $138.57M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $14.72 price target is reached, the company will be worth $9.70M 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 100 shares traded hands. XTF Morningstar Canada Value Index ETF (TSE:FXM) has risen 5.17% since April 19, 2016 and is uptrending. It has underperformed by 0.16% the S&P500.
More notable recent XTF Morningstar Canada Value Index ETF (TSE:FXM) news were published by: Barrons.com which released: “The Pros Pick 20 ETFs for Today’s Market” on May 07, 2016, also Wsj.com with their article: “Should You Fear the ETF?” published on December 07, 2015, Wsj.com published: “Watch an Index Fund’s ‘Tracking Error'” on July 08, 2012. More interesting news about XTF Morningstar Canada Value Index ETF (TSE:FXM) were released by: Wsj.com and their article: “Time for Investors to Simplify Their Bonds” published on March 09, 2015 as well as Wsj.com‘s news article titled: “These ETFs Track ‘Quality’ Stock Indexes” with publication date: August 03, 2014.
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