BMO US DIVIDEND ETF CAD Can’t Burn Your Portfolio. Has Another Gap Up

 BMO US DIVIDEND ETF CAD Can't Burn Your Portfolio. Has Another Gap Up

The stock of BMO US DIVIDEND ETF CAD (TSE:ZDY) gapped up by $0.05 today and has $34.12 target or 26.00% above today’s $27.08 share price. The 5 months technical chart setup indicates low risk for the $1.09B company. The gap was reported on Nov, 7 by Barchart.com. If the $34.12 price target is reached, the company will be worth $283.40M 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 17,953 shares traded hands. BMO US DIVIDEND ETF CAD (TSE:ZDY) has risen 7.63% since April 5, 2016 and is uptrending. It has outperformed by 5.67% the S&P500.

More notable recent BMO US DIVIDEND ETF CAD (TSE:ZDY) news were published by: Business.Financialpost.com which released: “How to find the top US dividend funds” on August 22, 2014, also Theglobeandmail.com with their article: “The case against covered call ETFs” published on May 23, 2014, Marketwired.com published: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” on November 18, 2015. More interesting news about BMO US DIVIDEND ETF CAD (TSE:ZDY) were released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on July 19, 2016 as well as Theglobeandmail.com‘s news article titled: “Monthly-pay dividend ETFs: Are you overexposed?” with publication date: April 18, 2013.

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