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 Barchart.com. 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: Business.Financialpost.com which released: “How to find the top US dividend funds” on August 22, 2014, also Theglobeandmail.com with their article: “The case against covered call ETFs” published on May 23, 2014, Marketwired.com 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: Marketwired.com and their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on September 20, 2016 as well as Theglobeandmail.com‘s news article titled: “Monthly-pay dividend ETFs: Are you overexposed?” with publication date: April 18, 2013.
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