The stock of ISHARES EDGE MSCI MIN VOL EAFE IDX ETF (TSE:XMI) hit a new 52-week low and has $28.67 target or 9.00% below today’s $31.50 share price. The 6 months bearish chart indicates high risk for the $226.30 million company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $28.67 price target is reached, the company will be worth $20.37M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 13,072 shares traded hands. ISHARES EDGE MSCI MIN VOL EAFE IDX ETF (TSE:XMI) has declined 2.61% since April 27, 2016 and is downtrending. It has underperformed by 8.53% the S&P500.
More recent ISHARES EDGE MSCI MIN VOL EAFE IDX ETF (TSE:XMI) news were published by: Etfdailynews.com which released: “Minimum Volatility ETFs: Five Years Later” on October 29, 2016. Also Etfdailynews.com published the news titled: “The Low Volatility ETF Purge Continues” on November 22, 2016. Marketwired.com‘s news article titled: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” with publication date: June 08, 2016 was also an interesting one.
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