The stock of BMO LOW VOL INTL EQUITY ETF (TSE:ZLI) gapped down by $0.1 today and has $18.01 target or 12.00% below today’s $20.47 share price. The 5 months technical chart setup indicates high risk for the $318.74M company. The gap down was reported on Nov, 14 by Barchart.com. If the $18.01 price target is reached, the company will be worth $38.25 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 26,109 shares traded hands or 475.60% up from the average. BMO LOW VOL INTL EQUITY ETF (TSE:ZLI) has declined 2.98% since April 8, 2016 and is downtrending. It has underperformed by 7.96% the S&P500.
More notable recent BMO LOW VOL INTL EQUITY ETF (TSE:ZLI) news were published by: Business.Financialpost.com which released: “Why compromises make sense in your ETF strategies” on February 17, 2015, also Marketwired.com with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on September 20, 2016, Marketwired.com published: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” on November 18, 2015. More interesting news about BMO LOW VOL INTL EQUITY ETF (TSE:ZLI) were released by: Theglobeandmail.com and their article: “The Globe and Mail” published on May 21, 2009 as well as Seekingalpha.com‘s news article titled: “BLVAX: A Low Volatility Fund For Value Investors” with publication date: June 27, 2016.
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