The stock of BMO EQUAL WEIGHT US BANK IDX ETF (TSE:ZBK) hit a new 52-week high and has $24.13 target or 5.00% above today’s $22.98 share price. The 6 months bullish chart indicates low risk for the $616.88M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $24.13 price target is reached, the company will be worth $30.84M 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 4,248 shares traded hands. BMO EQUAL WEIGHT US BANK IDX ETF (TSE:ZBK) has risen 34.80% since April 22, 2016 and is uptrending. It has outperformed by 29.39% the S&P500.
More important recent BMO EQUAL WEIGHT US BANK IDX ETF (TSE:ZBK) news were published by: Theglobeandmail.com which released: “US banks boost ETF to top spot in 2012” on January 07, 2013, also Theglobeandmail.com published article titled: “ETFs you should get to know – and those to avoid”, Theglobeandmail.com published: “Top three ETF picks from Shaunessy Investment’s Terry Shaunessy” on March 15, 2016. More interesting news about BMO EQUAL WEIGHT US BANK IDX ETF (TSE:ZBK) was released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” with publication date: November 18, 2015.
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