The stock of BMO SP 500 HEDGED CAD IDX ETF (TSE:ZUE) gapped up by $0.05 today and has $41.93 target or 28.00% above today’s $32.76 share price. The 9 months technical chart setup indicates low risk for the $1.06B company. The gap was reported on Oct, 18 by Barchart.com. If the $41.93 price target is reached, the company will be worth $296.80M 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 19,497 shares traded hands or 13.84% up from the average. BMO SP 500 HEDGED CAD IDX ETF (TSE:ZUE) has risen 4.70% since March 11, 2016 and is uptrending. It has underperformed by 0.79% the S&P500.
More notable recent BMO SP 500 HEDGED CAD IDX ETF (TSE:ZUE) news were published by: Theglobeandmail.com which released: “US ETFs: Top picks for Canadian investors” on December 08, 2012, also Business.Financialpost.com with their article: “6 issues that will affect your fund investments in 2015” published on December 19, 2014, Fool.ca published: “How to Build an ETF Portfolio” on May 12, 2014. More interesting news about BMO SP 500 HEDGED CAD IDX ETF (TSE:ZUE) were released by: Theglobeandmail.com and their article: “Canadian ETF purchases hint of expected bounce in loonie” published on September 02, 2015 as well as Theglobeandmail.com‘s news article titled: “BMO cuts annual management fees by more than 50% on some ETFs” with publication date: June 15, 2016.
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