The stock of iShares S&P TSX Global Base Metals Index Fund (TSE:XBM) hit a new 52-week high and has $13.20 target or 3.00% above today’s $12.82 share price. The 5 months bullish chart indicates low risk for the $94.20M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $13.20 price target is reached, the company will be worth $2.83 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 1,449 shares traded hands. iShares S&P TSX Global Base Metals Index Fund (TSE:XBM) has risen 40.51% since April 20, 2016 and is uptrending. It has outperformed by 35.10% the S&P500.
More notable recent iShares S&P TSX Global Base Metals Index Fund (TSE:XBM) 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 S&P TSX Global Base Metals Index Fund (TSE:XBM) were released by: Theglobeandmail.com and their article: “Three top ETF picks from Shaunessy Investment’s Terry Shaunessy” published on September 24, 2015 as well as Marketwired.com‘s news article titled: “BlackRock(R) Announces Final Annual Reinvested Capital Gains Distributions for …” with publication date: December 24, 2014.
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