The stock of BMO Low Volatility Canada Equity ETF (TSE:ZLB) gapped down by $0.06 today and has $26.51 target or 5.00% below today’s $27.91 share price. The 5 months technical chart setup indicates high risk for the $1.34 billion company. The gap down was reported on Nov, 9 by Barchart.com. If the $26.51 price target is reached, the company will be worth $67.00 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 18,368 shares traded hands. BMO Low Volatility Canada Equity ETF (TSE:ZLB) has risen 2.68% since April 5, 2016 and is uptrending. It has underperformed by 2.11% the S&P500.
More notable recent BMO Low Volatility Canada Equity ETF (TSE:ZLB) news were published by: Theglobeandmail.com which released: “Low-volatility funds not yet ready for prime time” on October 15, 2015, also Business.Financialpost.com with their article: “Why compromises make sense in your ETF strategies” published on February 17, 2015, Theglobeandmail.com published: “ETFs you should get to know – and those to avoid” on August 24, 2012. More interesting news about BMO Low Volatility Canada Equity ETF (TSE:ZLB) were released by: Theglobeandmail.com and their article: “Those risky stocks may not be worth the wager” published on April 20, 2015 as well as Theglobeandmail.com‘s news article titled: “Three top picks from Northland’s David Cockfield” with publication date: April 15, 2016.
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