The stock of HORIZONS ENHANCED INCOME ENERGY ETF (TSE:HEE) hit a new 52-week high and has $16.43 target or 4.00% above today’s $15.80 share price. The 5 months bullish chart indicates low risk for the $28.17 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $16.43 price target is reached, the company will be worth $1.13 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 1,002 shares traded hands. HORIZONS ENHANCED INCOME ENERGY ETF (TSE:HEE) has risen 11.02% since April 27, 2016 and is uptrending. It has outperformed by 5.10% the S&P500.
More news for HORIZONS ENHANCED INCOME ENERGY ETF (TSE:HEE) were recently published by: Marketwatch.com, which released: “Horizons Announces October 2016 Distributions for its Covered Call ETFs” on October 21, 2016. Theglobeandmail.com‘s article titled: “The case against covered call ETFs” and published on May 23, 2014 is yet another important article.
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