The stock of BMO SP TSX CAPPED COMP IDX ETF (TSE:ZCN) gapped up by $0.07 today and has $28.12 target or 42.00% above today’s $19.80 share price. The 9 months technical chart setup indicates low risk for the $1.53 billion company. The gap was reported on Oct, 18 by Barchart.com. If the $28.12 price target is reached, the company will be worth $642.60M 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 30,888 shares traded hands. BMO SP TSX CAPPED COMP IDX ETF (TSE:ZCN) has risen 7.19% since March 11, 2016 and is uptrending. It has outperformed by 1.70% the S&P500.
More notable recent BMO SP TSX CAPPED COMP IDX ETF (TSE:ZCN) news were published by: Fool.ca which released: “Here’s How to Invest in the S&P/TSX Composite â€” And Why You May Not Want To” on July 24, 2013, also Etfdailynews.com with their article: “Tax Tips for BMO ETF Investors [BMO Equal Weight REITS Index ETF, BMO SP TSX …” published on April 08, 2014, Theglobeandmail.com published: “ETFs you should get to know – and those to avoid” on August 24, 2012. More interesting news about BMO SP TSX CAPPED COMP IDX ETF (TSE:ZCN) were released by: Business.Financialpost.com and their article: “6 issues that will affect your fund investments in 2015” published on December 19, 2014 as well as Theglobeandmail.com‘s news article titled: “Millennials find much to like about ETFs” with publication date: March 24, 2016.
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