It Seems BMO Junior Gold Index ETF Will Go Up. Have Big Gap Up Today

 It Seems BMO Junior Gold Index ETF Will Go Up. Have Big Gap Up Today

The stock of BMO Junior Gold Index ETF (TSE:ZJG) gapped up by $0.17 today and has $18.14 target or 86.00% above today’s $9.75 share price. The 7 months technical chart setup indicates low risk for the $89.15 million company. The gap was reported on Nov, 1 by Barchart.com. If the $18.14 price target is reached, the company will be worth $76.67M 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 89,290 shares traded hands. BMO Junior Gold Index ETF (TSE:ZJG) has risen 46.65% since March 28, 2016 and is uptrending. It has outperformed by 43.63% the S&P500.

More important recent BMO Junior Gold Index ETF (TSE:ZJG) news were published by: Theglobeandmail.com which released: “Five ETFs to choose from as gold stocks finally come alive” on July 17, 2013, also Theglobeandmail.com published article titled: “Buy gold now: Five ETFs to consider”, Business.Financialpost.com published: “Gold stock ETFs looking attractive” on August 15, 2013. More interesting news about BMO Junior Gold Index ETF (TSE:ZJG) was released by: Theglobeandmail.com and their article: “An easy way to play complex sectors” with publication date: February 11, 2011.

BMO Junior Gold Index ETF invests in the equity securities of gold mining companies. The ETF has a market cap of $89.15 million. The Fund seeks to replicate, to the extent possible, the performance of a junior gold companies index, net of expenses. It currently has negative earnings. It seeks to replicate the performance of the Dow Jones North America Select Junior Gold Index.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment