The stock of BMO SP 500 INDEX ETF (TSE:ZSP) gapped up by $0.17 today and has $39.92 target or 27.00% above today’s $31.43 share price. The 9 months technical chart setup indicates low risk for the $2.74 billion company. The gap was reported on Nov, 7 by Barchart.com. If the $39.92 price target is reached, the company will be worth $739.80M 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 328,839 shares traded hands or 100.50% up from the average. BMO SP 500 INDEX ETF (TSE:ZSP) has risen 3.83% since April 1, 2016 and is uptrending. It has outperformed by 1.88% the S&P500.
More news for BMO SP 500 INDEX ETF (TSE:ZSP) were recently published by: Theglobeandmail.com, which released: “US ETFs: Top picks for Canadian investors” on December 08, 2012. Theglobeandmail.com‘s article titled: “BMO cuts annual management fees by more than 50% on some ETFs” and published on June 15, 2016 is yet another important article.
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.