The stock of PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) reached all time low today, Nov, 25 and still has $17.45 target or 7.00% below today’s $18.76 share price. This indicates more downside for the $735.42 million company. This technical setup was reported by Barchart.com. If the $17.45 PT is reached, the company will be worth $51.48 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. About 46,520 shares traded hands or 49.38% up from the average. PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) has declined 1.16% since April 21, 2016 and is downtrending. It has underperformed by 6.57% the S&P500.
More notable recent PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) news were published by: Zacks.com which released: “PowerShares Adds Laddered Bond ETF to Suite” on September 15, 2014, also Marketwatch.com with their article: “Invesco announces cash distributions for Canadian-listed PowerShares ETFs” published on November 18, 2016, Nasdaq.com published: “PowerShares Adds Laddered Bond ETF to Suite – ETF News And Commentary” on September 15, 2014. More interesting news about PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) were released by: Business.Financialpost.com and their article: “ETFs more complex than you think” published on November 30, 2011 as well as Investmentnews.com‘s news article titled: “Bond ETFs’ resiliency surprises many investors” with publication date: April 19, 2015.
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