The stock of BMO Low Volatility Canada Equity ETF (TSE:ZLB) gapped up by $0.03 today and has $38.69 target or 36.00% above today’s $28.45 share price. The 6 months technical chart setup indicates low risk for the $1.34 billion company. The gap was reported on Oct, 18 by Barchart.com. If the $38.69 price target is reached, the company will be worth $482.40M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 31,637 shares traded hands. BMO Low Volatility Canada Equity ETF (TSE:ZLB) has risen 5.48% since March 11, 2016 and is uptrending. It has underperformed by 0.00% the S&P500.
More notable recent BMO Low Volatility Canada Equity ETF (TSE:ZLB) news were published by: Theglobeandmail.com which released: “Low-volatility funds not yet ready for prime time” on October 15, 2015, also Business.Financialpost.com with their article: “Why compromises make sense in your ETF strategies” published on February 17, 2015, Theglobeandmail.com published: “ETFs you should get to know – and those to avoid” on August 24, 2012. More interesting news about BMO Low Volatility Canada Equity ETF (TSE:ZLB) were released by: Business.Financialpost.com and their article: “How to play the market’s ugly start to the New Year: Top up your tax-free …” published on January 06, 2016 as well as Theglobeandmail.com‘s news article titled: “Those risky stocks may not be worth the wager” with publication date: April 20, 2015.
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