The stock of Claymore Canadian Financial Monthly Income ETF (TSE:FIE) hit a new 52-week high and has $7.53 target or 7.00% above today’s $7.04 share price. The 7 months bullish chart indicates low risk for the $375.40 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $7.53 price target is reached, the company will be worth $26.28 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 6,300 shares traded hands. Claymore Canadian Financial Monthly Income ETF (TSE:FIE) has risen 5.24% since April 27, 2016 and is uptrending. It has underperformed by 0.69% the S&P500.
Another recent and important Claymore Canadian Financial Monthly Income ETF (TSE:FIE) news was published by Theglobeandmail.com which published an article titled: “Stop-loss orders turn into double-edged sword” on May 07, 2010.
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