BMO AGGREGATE BOND INDEX ETF’s Stock Is Buy After Today’s Gap Up

 BMO AGGREGATE BOND INDEX ETF's Stock Is Buy After Today's Gap Up

The stock of BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) gapped up by $0.01 today and has $26.83 target or 66.00% above today’s $16.16 share price. The 5 months technical chart setup indicates low risk for the $2.02B company. The gap was reported on Nov, 4 by Barchart.com. If the $26.83 price target is reached, the company will be worth $1.33 billion 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 36,001 shares traded hands or 21.70% up from the average. BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) has risen 1.00% since March 31, 2016 and is uptrending. It has underperformed by 0.09% the S&P500.

More important 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 published article titled: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …”, 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) was released by: Theglobeandmail.com and their article: “What investors need to know about tactical bond ETFs” with publication date: July 03, 2015.

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