The stock of BMO SP TSX EQL WEIGHT GLBL GOLD IDX ETF (TSE:ZGD) gapped up by $0.09 today and has $18.94 target or 69.00% above today’s $11.21 share price. The 8 months technical chart setup indicates low risk for the $30.74M company. The gap was reported on Nov, 9 by Barchart.com. If the $18.94 price target is reached, the company will be worth $21.21M 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 27,745 shares traded hands or 30.61% up from the average. BMO SP TSX EQL WEIGHT GLBL GOLD IDX ETF (TSE:ZGD) has risen 18.67% since April 5, 2016 and is uptrending. It has outperformed by 13.89% the S&P500.
More news for BMO SP TSX EQL WEIGHT GLBL GOLD IDX ETF (TSE:ZGD) were recently published by: Bnn.ca, which released: “Don Vialoux’s Top Picks: November 7, 2016” on August 05, 2016. Bnn.ca‘s article titled: “Robert McWhirter’s Top Picks: November 4, 2016” and published on July 26, 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.