The stock of BMO SP 500 INDEX ETF (TSE:ZSP) reached all time high today, Nov, 24 and still has $35.92 target or 9.00% above today’s $32.95 share price. This indicates more upside for the $2.82B company. This technical setup was reported by Barchart.com. If the $35.92 PT is reached, the company will be worth $253.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 240,215 shares traded hands. BMO SP 500 INDEX ETF (TSE:ZSP) has risen 12.06% since April 20, 2016 and is uptrending. It has outperformed by 6.65% the S&P500.
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