BMO Junior Gold Index ETF Can’t Be More Safe. Trades Significantly Higher After A Gap Up

 BMO Junior Gold Index ETF Can't Be More Safe. Trades Significantly Higher After A Gap Up

The stock of BMO Junior Gold Index ETF (TSE:ZJG) gapped up by $0.02 today and has $15.67 target or 57.00% above today’s $9.98 share price. The 7 months technical chart setup indicates low risk for the $92.85M company. The gap was reported on Nov, 2 by If the $15.67 price target is reached, the company will be worth $52.92 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 56,097 shares traded hands. BMO Junior Gold Index ETF (TSE:ZJG) has risen 44.82% since March 29, 2016 and is uptrending. It has outperformed by 42.30% the S&P500.

More important recent BMO Junior Gold Index ETF (TSE:ZJG) news were published by: which released: “Five ETFs to choose from as gold stocks finally come alive” on July 17, 2013, also published article titled: “Buy gold now: Five ETFs to consider”, published: “Gold stock ETFs looking attractive” on August 15, 2013. More interesting news about BMO Junior Gold Index ETF (TSE:ZJG) was released by: 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 $92.85 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.

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