Bearish Gap Down for BMO MSCI EAFE IDX ETF After Worse Fundamentals

 Bearish Gap Down for BMO MSCI EAFE IDX ETF After Worse Fundamentals

The stock of BMO MSCI EAFE IDX ETF (TSE:ZEA) gapped down by $0.05 today and has $15.02 target or 7.00% below today’s $16.15 share price. The 8 months technical chart setup indicates high risk for the $1.06 billion company. The gap down was reported on Nov, 15 by Barchart.com. If the $15.02 price target is reached, the company will be worth $74.20M 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 20,122 shares traded hands or 137.82% up from the average. BMO MSCI EAFE IDX ETF (TSE:ZEA) has risen 4.10% since April 13, 2016 and is uptrending. It has outperformed by 0.17% the S&P500.

More notable recent BMO MSCI EAFE IDX ETF (TSE:ZEA) news were published by: Theglobeandmail.com which released: “Three top picks from JC Hood Investment’s John Hood” on May 09, 2015, also Marketwired.com with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on September 20, 2016, Business.Financialpost.com published: “Bid-ask spreads and market coverage growing in importance as ETF fees drop” on April 28, 2014. More interesting news about BMO MSCI EAFE IDX ETF (TSE:ZEA) were released by: Theglobeandmail.com and their article: “Three top ETF picks from JC Hood Investment’s John Hood” published on April 13, 2015 as well as Marketwired.com‘s news article titled: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” with publication date: November 18, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment