Brent Crude ETF (BNO) Touches New 52-Week High

Key Takeaways BNO surged to a 52-week high as oil prices climbed on geopolitical risks.Strait of Hormuz supply fears lifted investor demand for crude exposure.Positive weighted alpha signals continued near-term momentum potential.For investors seeking momentum, the United States Brent Oil ETF (BNO) is probably on the radar now. The fund just hit a 52-week high and is up 41.1% from its 52-week low price of $24.72 per share.  But are there more gains in store for this ETF? Let’s take a quick look at the fund ...