The stock of Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) reached all time low today, Nov, 24 and still has $17.26 target or 9.00% below today’s $18.97 share price. This indicates more downside for the $2.00 billion company. This technical setup was reported by Barchart.com. If the $17.26 PT is reached, the company will be worth $180.00 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock last traded at $18.97 per share. It is down 0.73% since April 20, 2016 and is downtrending. It has underperformed by 6.14% the S&P500.
More notable recent Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) news were published by: Theglobeandmail.com which released: “Look to ETFs to hedge against rising rates” on February 11, 2011, also Theglobeandmail.com with their article: “Commission-free ETFs: A big boost for small investors” published on November 18, 2011, Business.Financialpost.com published: “BlackRock dominates in Canadian ETFs” on January 16, 2012. More interesting news about Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) were released by: Theglobeandmail.com and their article: “An early bird that built a comfortable nest” published on February 10, 2012 as well as Theglobeandmail.com‘s news article titled: “In praise of a much maligned investment” with publication date: January 15, 2010.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.