The stock of BMO EQL WGT US BANK HDGD TO CAD IDX ETF (TSE:ZUB) hit a new 52-week high and has $26.36 target or 7.00% above today’s $24.64 share price. The 5 months bullish chart indicates low risk for the $406.78M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $26.36 price target is reached, the company will be worth $28.47 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 22,410 shares traded hands. BMO EQL WGT US BANK HDGD TO CAD IDX ETF (TSE:ZUB) has risen 26.38% since April 27, 2016 and is uptrending. It has outperformed by 20.45% the S&P500.
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