Time to Reconsider Tech Giants Covered Call ETF After Reaching 52-Week High?

 Time to Reconsider Tech Giants Covered Call ETF After Reaching 52 Week High?

The stock of Tech Giants Covered Call ETF (TSE:TXF) hit a new 52-week high and has $13.64 target or 4.00% above today’s $13.12 share price. The 9 months bullish chart indicates low risk for the $99.64 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $13.64 price target is reached, the company will be worth $3.99M 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 12,040 shares traded hands. Tech Giants Covered Call ETF (TSE:TXF) has risen 15.12% since April 27, 2016 and is uptrending. It has outperformed by 9.19% the S&P500.

More recent Tech Giants Covered Call ETF (TSE:TXF) news were published by: Theglobeandmail.com which released: “The case against covered call ETFs” on May 23, 2014. Also Theglobeandmail.com published the news titled: “The top Canadian ETF needs tech to stay relevant” on February 08, 2013. Seekingalpha.com‘s news article titled: “Boost Your Income With These ETFs” with publication date: April 21, 2014 was also an interesting one.

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