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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