BMO US DIVIDEND ETF CAD’s Trend Up, Especially After Today’s Gap Up

 BMO US DIVIDEND ETF CAD's Trend Up, Especially After Today's Gap Up

The stock of BMO US DIVIDEND ETF CAD (TSE:ZDY) gapped up by $0.07 today and has $47.46 target or 67.00% above today’s $28.42 share price. The 7 months technical chart setup indicates low risk for the $1.16 billion company. The gap was reported on Nov, 14 by If the $47.46 price target is reached, the company will be worth $777.20M 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 49,045 shares traded hands or 127.03% up from the average. BMO US DIVIDEND ETF CAD (TSE:ZDY) has risen 15.53% since April 12, 2016 and is uptrending. It has outperformed by 10.55% the S&P500.

More notable recent BMO US DIVIDEND ETF CAD (TSE:ZDY) news were published by: which released: “How to find the top US dividend funds” on August 22, 2014, also with their article: “The case against covered call ETFs” published on May 23, 2014, published: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” on November 18, 2015. More interesting news about BMO US DIVIDEND ETF CAD (TSE:ZDY) were released by: and their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on September 20, 2016 as well as‘s news article titled: “Monthly-pay dividend ETFs: Are you overexposed?” with publication date: April 18, 2013.

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