BMO US HIGH DIVIDEND COVERED CALL ETF’s Trend Up, Especially After Today’s Gap Up

 BMO US HIGH DIVIDEND COVERED CALL ETF's Trend Up, Especially After Today's Gap Up

The stock of BMO US HIGH DIVIDEND COVERED CALL ETF (TSE:ZWH) gapped up by $0.05 today and has $44.88 target or 129.00% above today’s $19.60 share price. The 8 months technical chart setup indicates low risk for the $462.01M company. The gap was reported on Nov, 7 by Barchart.com. If the $44.88 price target is reached, the company will be worth $595.99 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 17,874 shares traded hands. BMO US HIGH DIVIDEND COVERED CALL ETF (TSE:ZWH) has risen 0.31% since April 5, 2016 and is uptrending. It has underperformed by 1.64% the S&P500.

More important recent BMO US HIGH DIVIDEND COVERED CALL ETF (TSE:ZWH) news were published by: Theglobeandmail.com which released: “The case against covered call ETFs” on May 23, 2014, also Marketwired.com published article titled: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …”, Marketwired.com published: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on July 19, 2016. More interesting news about BMO US HIGH DIVIDEND COVERED CALL ETF (TSE:ZWH) was released by: Theglobeandmail.com and their article: “Nine top ETF picks: ‘The US recovery is real'” with publication date: August 24, 2014.

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