The stock of BMO INTL DIV CAD HEDGE ETF (TSE:ZDH) gapped down by $0.11 today and has $17.61 target or 13.00% below today’s $20.24 share price. The 9 months technical chart setup indicates high risk for the $48.88 million company. The gap down was reported on Nov, 16 by Barchart.com. If the $17.61 price target is reached, the company will be worth $6.35M 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 13,185 shares traded hands or 353.87% up from the average. BMO INTL DIV CAD HEDGE ETF (TSE:ZDH) has risen 6.65% since April 12, 2016 and is uptrending. It has outperformed by 1.97% the S&P500.
More notable recent BMO INTL DIV CAD HEDGE ETF (TSE:ZDH) news were published by: Marketwired.com which released: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on September 20, 2016, also Marketwired.com with their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” published on November 18, 2015, Theglobeandmail.com published: “Canadians are about to get even more choice when it comes to ETFs” on August 10, 2015. More interesting news about BMO INTL DIV CAD HEDGE ETF (TSE:ZDH) were released by: Theglobeandmail.com and their article: “The case against covered call ETFs” published on May 23, 2014 as well as Business.Financialpost.com‘s news article titled: “Why compromises make sense in your ETF strategies” with publication date: February 17, 2015.
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