BMO Equal Weight REITS Index ETF Gaps Up Today, Is Now One of The Best Performers

 BMO Equal Weight REITS Index ETF Gaps Up Today, Is Now One of The Best Performers

The stock of BMO Equal Weight REITS Index ETF (TSE:ZRE) gapped up by $0.01 today and has $32.81 target or 80.00% above today’s $18.23 share price. The 5 months technical chart setup indicates low risk for the $371.29 million company. The gap was reported on Nov, 17 by Barchart.com. If the $32.81 price target is reached, the company will be worth $297.03M 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 18,440 shares traded hands. BMO Equal Weight REITS Index ETF (TSE:ZRE) has declined 4.88% since April 13, 2016 and is downtrending. It has underperformed by 9.51% the S&P500.

More notable recent BMO Equal Weight REITS Index ETF (TSE:ZRE) news were published by: Etfdailynews.com which released: “Tax Tips for BMO ETF Investors [BMO Equal Weight REITS Index ETF, BMO SP TSX …” on April 08, 2014, also Business.Financialpost.com with their article: “Battle of the Canadian REIT ETFs” published on October 21, 2011, Marketwired.com published: “BMO Asset Management Inc. Announces Index Changes to Three BMO ETFs” on May 19, 2016. More interesting news about BMO Equal Weight REITS Index ETF (TSE:ZRE) were released by: Business.Financialpost.com and their article: “BMO unveils more Equal Weighted ETFs; Emerging Markets and Real Return Bond ETFs” published on May 26, 2010 as well as Theglobeandmail.com‘s news article titled: “The case for and against real estate ETFs” with publication date: June 28, 2016.

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