The stock of BMO LOW VOL US EQTY HED TO CAD ETF (TSE:ZLH) gapped up by $0.07 today and has $43.39 target or 107.00% above today’s $20.96 share price. The 9 months technical chart setup indicates low risk for the $169.07M company. The gap was reported on Nov, 8 by Barchart.com. If the $43.39 price target is reached, the company will be worth $180.90 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 47,696 shares traded hands or 196.19% up from the average. BMO LOW VOL US EQTY HED TO CAD ETF (TSE:ZLH) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
More notable recent BMO LOW VOL US EQTY HED TO CAD ETF (TSE:ZLH) news were published by: Business.Financialpost.com which released: “Canadian ETFs to benefit from global market uncertainty as assets under …” on July 28, 2016, also Theglobeandmail.com with their article: “Canadian ETF purchases hint of expected bounce in loonie” published on September 02, 2015, Business.Financialpost.com published: “Jonathan Chevreau: Why fund investors should get active with their ETFs” on September 08, 2015. More interesting news about BMO LOW VOL US EQTY HED TO CAD ETF (TSE:ZLH) were released by: Fool.ca and their article: “The ETF Landscape in Canada Is Getting a Lot Harder to Traverse” published on July 08, 2016 as well as Theglobeandmail.com‘s news article titled: “What makes ETFs good investments for retirement” with publication date: June 28, 2016.
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