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 Barchart.com. 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: Theglobeandmail.com which released: “BMO cuts annual management fees by more than 50% on some ETFs” on June 15, 2016, also Marketwired.com with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on July 19, 2016, Theglobeandmail.com 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: Theglobeandmail.com and their article: “What investors need to know about tactical bond ETFs” published on July 03, 2015 as well as Theglobeandmail.com‘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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