Could BMO MSCI EAFE IDX ETF Recover After Today’s Gap Down?

 Could BMO MSCI EAFE IDX ETF Recover After Today's Gap Down?

The stock of BMO MSCI EAFE IDX ETF (TSE:ZEA) gapped down by $0.02 today and has $14.67 target or 9.00% below today’s $16.12 share price. The 9 months technical chart setup indicates high risk for the $1.05B company. The gap down was reported on Nov, 4 by If the $14.67 price target is reached, the company will be worth $94.50M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 20,742 shares traded hands or 108.42% up from the average. BMO MSCI EAFE IDX ETF (TSE:ZEA) has risen 4.60% since April 4, 2016 and is uptrending. It has outperformed by 3.51% the S&P500.

More notable recent BMO MSCI EAFE IDX ETF (TSE:ZEA) news were published by: which released: “Three top picks from JC Hood Investment’s John Hood” on May 09, 2015, also with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on September 20, 2016, published: “Bid-ask spreads and market coverage growing in importance as ETF fees drop” on April 28, 2014. More interesting news about BMO MSCI EAFE IDX ETF (TSE:ZEA) were released by: and their article: “Three top ETF picks from JC Hood Investment’s John Hood” published on April 13, 2015 as well as‘s news article titled: “Canadian investors go global in hunt for better returns” with publication date: September 29, 2015.

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