The stock of Horizons BetaPro S&P TSX 60 Index ETF (TSE:HXT) hit a new 52-week high and has $32.71 target or 9.00% above today’s $30.01 share price. The 6 months bullish chart indicates low risk for the $989.84 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $32.71 price target is reached, the company will be worth $89.09M 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 26,250 shares traded hands. Horizons BetaPro S&P TSX 60 Index ETF (TSE:HXT) has risen 11.68% since April 22, 2016 and is uptrending. It has outperformed by 5.67% the S&P500.
More notable recent Horizons BetaPro S&P TSX 60 Index ETF (TSE:HXT) news were published by: Fool.ca which released: “Here’s How to Invest in the S&P/TSX Composite â€” And Why You May Not Want To” on July 24, 2013, also Theglobeandmail.com with their article: “ETFs you should get to know – and those to avoid” published on August 24, 2012, Midasletter.com published: “Subscribe to Midas Letter Free Edition” on February 10, 2016. More interesting news about Horizons BetaPro S&P TSX 60 Index ETF (TSE:HXT) were released by: Theglobeandmail.com and their article: “This teacher switched from dividends to capital gains” published on April 22, 2016 as well as Theglobeandmail.com‘s news article titled: “Canadian market ETFs offer the best odds for solid returns in 2014” with publication date: December 30, 2013.
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