Bullish Gap Up for BMO SP 500 HEDGED CAD IDX ETF After Better Fundamentals

 Bullish Gap Up for BMO SP 500 HEDGED CAD IDX ETF After Better Fundamentals

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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