The stock of MACKENZIE MAX DVRS US INDEX ETF (TSE:MUS) hit a new 52-week high and has $23.44 target or 9.00% above today’s $21.50 share price. The 5 months bullish chart indicates low risk for the $4.31M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $23.44 price target is reached, the company will be worth $387,900 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 55,045 shares traded hands or 293.07% up from the average. MACKENZIE MAX DVRS US INDEX ETF (TSE:MUS) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
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