The stock of BMO Canada Divdends ETF (TSE:ZDV) gapped up by $0.04 today and has $26.26 target or 60.00% above today’s $16.41 share price. The 7 months technical chart setup indicates low risk for the $667.06M company. The gap was reported on Nov, 17 by Barchart.com. If the $26.26 price target is reached, the company will be worth $400.24 million 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 12,916 shares traded hands. BMO Canada Divdends ETF (TSE:ZDV) has risen 6.00% since April 13, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
More important recent BMO Canada Divdends ETF (TSE:ZDV) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also Business.Financialpost.com published article titled: “Jonathan Chevreau: Why dividend funds are a smart financial move”, Theglobeandmail.com published: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” on November 22, 2014. More interesting news about BMO Canada Divdends ETF (TSE:ZDV) was released by: Theglobeandmail.com and their article: “Larry Berman: Why I like this European dividend ETF that yields 7%” with publication date: August 01, 2016.
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.