BMO Canada Divdends ETF Could Burn Your Portfolio. Has Another Gap Down

 BMO Canada Divdends ETF Could Burn Your Portfolio. Has Another Gap Down

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 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: which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also with their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015, 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: and their article: “Larry Berman: Why I like this European dividend ETF that yields 7%” published on August 01, 2016 as well as‘s news article titled: “BMO Global Asset Management (Asia) Limited Announces ETF Dividends” with publication date: October 20, 2016.

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