We like the $TPE ETF I’m changing the process for picking tickers to make it more affordable while avoiding risky penny lots. Comment your favourite TSX tickers under $150 & NYSE or NAS under $100.
Key Stats:
• AUM: ~$1.84B
• Dividend yield: 2.24%
Technical Reasons for Upside:
1. Resistance Breakout: TPE recently smashed through a key resistance zone around, signaling that bullish momentum is in play.
2. Moving Average Crossover: The 50-day moving average is comfortably rising above the 200-day average, a classic indicator that the trend is shifting upward.
3. Volume Surge: There’s been a noticeable uptick in volume, suggesting that institutional players and smart money are piling in.
Fundamental Reasons for Upside:
1. Solid Revenue Growth: With revenue growing at roughly 15% YoY, TPE’s top line is showing steady improvement, supporting a higher valuation.
2. Improving Operational Efficiency: Enhanced margins and tighter cost controls indicate that the company is executing well amidst market challenges.
3. Analyst Optimism: Recent upgrades and positive forward guidance from key analysts add confidence to the bullish thesis.
Potential Paths to Profit:
1. Option 1 (Low-Risk): Buy shares of TPE at current levels and hold until the price reaches the target.
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