What’s Ahead for US Buyback Leaders Fund After Reaching 52-Week High?

 What's Ahead for US Buyback Leaders Fund After Reaching 52 Week High?

The stock of US Buyback Leaders Fund (TSE:HUL) hit a new 52-week high and has $8.77 target or 7.00% above today’s $8.20 share price. The 6 months bullish chart indicates low risk for the $20.47 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $8.77 price target is reached, the company will be worth $1.43M 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. The stock last traded at $8.2 per share. It is up 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.

More notable recent US Buyback Leaders Fund (TSE:HUL) news were published by: Marketwired.com which released: “Harvest Portfolios Group Inc. Announces Completion of ETF Conversions” on October 24, 2016, also Marketwired.com with their article: “Harvest Portfolios Group Inc. Announces Unitholder Approval of ETF Conversions” published on September 19, 2016, Reuters.com published: “VW agrees to buy back diesel vehicles, fund clean air efforts” on June 27, 2016. More interesting news about US Buyback Leaders Fund (TSE:HUL) were released by: Usatoday.com and their article: “Volkswagen reaches ‘substantial’ settlement to buy back, repair cars” published on April 21, 2016 as well as Bloomberg.com‘s news article titled: “U.S. Buyback Announcements Tumble to a 2012 Low” with publication date: August 16, 2016.

US Buyback Leaders Fund is an investment fund. The company has a market cap of $20.47 million. The Fund’s investment objectives are to provide unitholders with quarterly cash distributions, the opportunity for capital appreciation and provide investors with exposure to select large capitalization United States companies that are leaders in terms of share repurchase programs or buybacks. It currently has negative earnings. The Fund invests in an equally-weighted portfolio of equity securities of the top 25 ranked United States Buyback Leaders that have a market capitalization of at least $10 billion at the time of investment.

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