The stock of BMO Canada Divdends ETF (TSE:ZDV) gapped down by $0.01 today and has $15.00 target or 7.00% below today’s $16.13 share price. The 6 months technical chart setup indicates high risk for the $667.08 million company. The gap down was reported on Nov, 11 by Barchart.com. If the $15.00 price target is reached, the company will be worth $46.70 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 17,438 shares traded hands or 5.53% up from the average. BMO Canada Divdends ETF (TSE:ZDV) has risen 9.04% since April 7, 2016 and is uptrending. It has outperformed by 2.89% the S&P500.
More notable recent BMO Canada Divdends ETF (TSE:ZDV) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also Business.Financialpost.com with their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015, Theglobeandmail.com published: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” on November 22, 2014. More interesting news about BMO Canada Divdends ETF (TSE:ZDV) were released by: Theglobeandmail.com and their article: “Larry Berman: Why I like this European dividend ETF that yields 7%” published on August 01, 2016 as well as Marketwired.com‘s news article titled: “BMO Global Asset Management (Asia) Limited Announces ETF Dividends” with publication date: October 20, 2016.
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