Is Major Move Coming For BMO AGGREGATE BOND INDEX ETF After This Gap Up?

 Is Major Move Coming For BMO AGGREGATE BOND INDEX ETF After This Gap Up?

The stock of BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) gapped up by $0.01 today and has $23.05 target or 43.00% above today’s $16.12 share price. The 6 months technical chart setup indicates low risk for the $2.02 billion company. The gap was reported on Oct, 31 by If the $23.05 price target is reached, the company will be worth $868.60 million 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 24,469 shares traded hands. BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) has risen 0.88% since March 24, 2016 and is uptrending. It has underperformed by 2.60% the S&P500.

More notable recent BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) news were published by: which released: “BMO cuts annual management fees by more than 50% on some ETFs” on June 15, 2016, also with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on July 19, 2016, published: “In a rising interest rate world, should you own bonds or bond funds?” on July 02, 2013. More interesting news about BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) were released by: and their article: “What investors need to know about tactical bond ETFs” published on July 03, 2015 as well as‘s news article titled: “Why you should lighten up on dividend exposure, a stock set for a turnaround …” with publication date: October 25, 2016.

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