Is BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF’s Fuel Running High? The Stock Just Gapped Up

 Is BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF's Fuel Running High? The Stock Just Gapped Up

The stock of BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF (TSE:ZWA) gapped up by $0.09 today and has $36.08 target or 91.00% above today’s $18.89 share price. The 8 months technical chart setup indicates low risk for the $207.13 million company. The gap was reported on Nov, 7 by Barchart.com. If the $36.08 price target is reached, the company will be worth $188.49M 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 12,723 shares traded hands or 70.28% up from the average. BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF (TSE:ZWA) has declined 1.06% since April 1, 2016 and is downtrending. It has underperformed by 3.02% the S&P500.

More notable recent BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF (TSE:ZWA) news were published by: Theglobeandmail.com which released: “Three top ETF picks from JC Hood Investment’s John Hood” on April 13, 2015, also Marketwired.com with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on July 19, 2016, Marketwired.com published: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” on November 18, 2015. More interesting news about BMO Covered Call Dow Jones Industrial Average Hedged To CAD ETF (TSE:ZWA) were released by: Theglobeandmail.com and their article: “The case against covered call ETFs” published on May 23, 2014 as well as Fool.ca‘s news article titled: “The 5 Best Dividend ETFs for Investors” with publication date: September 11, 2013.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment