The stock of iSHARES CANADIAN VALUE INDEX ETF (TSE:XCV) hit a new 52-week high and has $27.16 target or 9.00% above today’s $24.92 share price. The 5 months bullish chart indicates low risk for the $69.97M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $27.16 price target is reached, the company will be worth $6.30 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. About 362 shares traded hands. iSHARES CANADIAN VALUE INDEX ETF (TSE:XCV) has risen 8.98% since April 20, 2016 and is uptrending. It has outperformed by 3.57% the S&P500.
More notable recent iSHARES CANADIAN VALUE INDEX ETF (TSE:XCV) news were published by: Marketwired.com which released: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” on September 07, 2016, also Marketwired.com with their article: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” published on June 08, 2016, Marketwired.com published: “BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs” on March 09, 2016. More interesting news about iSHARES CANADIAN VALUE INDEX ETF (TSE:XCV) were released by: Fool.ca and their article: “2 Value Stocks You Can Bank on” published on October 31, 2016 as well as Business.Financialpost.com‘s news article titled: “Jonathan Chevreau: Why dividend funds are a smart financial move” with publication date: July 14, 2015.
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