The stock of HORIZONS ENHANCED INCOME EQUITY ETF (TSE:HEX) hit a new 52-week high and has $7.08 target or 3.00% above today’s $6.87 share price. The 8 months bullish chart indicates low risk for the $62.50M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $7.08 price target is reached, the company will be worth $1.88M 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 1,600 shares traded hands. HORIZONS ENHANCED INCOME EQUITY ETF (TSE:HEX) has risen 8.46% since April 22, 2016 and is uptrending. It has outperformed by 2.45% the S&P500.
More recent HORIZONS ENHANCED INCOME EQUITY ETF (TSE:HEX) news were published by: Marketwatch.com which released: “Horizons Announces October 2016 Distributions for its Covered Call ETFs” on October 21, 2016. Also Marketwatch.com published the news titled: “Horizons Announces November 2016 Distributions for its Covered Call ETFs” on November 22, 2016. Theglobeandmail.com‘s news article titled: “The case against covered call ETFs” with publication date: May 23, 2014 was also an interesting one.
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