The stock of BMO EMG MKT BOND HDGD TO CAD IDX ETF (TSE:ZEF) gapped up by $0.02 today and has $27.24 target or 64.00% above today’s $16.61 share price. The 5 months technical chart setup indicates low risk for the $168.62 million company. The gap was reported on Nov, 21 by Barchart.com. If the $27.24 price target is reached, the company will be worth $107.92 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 17,408 shares traded hands or 86.16% up from the average. BMO EMG MKT BOND HDGD TO CAD IDX ETF (TSE:ZEF) has declined 1.66% since April 15, 2016 and is downtrending. It has underperformed by 5.52% the S&P500.
More notable recent BMO EMG MKT BOND HDGD TO CAD IDX ETF (TSE:ZEF) news were published by: Business.Financialpost.com which released: “Safety in emerging market bonds” on July 29, 2011, also News.Sys-Con.com with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on November 18, 2016, Business.Financialpost.com published: “BMO unveils more Equal Weighted ETFs; Emerging Markets and Real Return Bond ETFs” on May 26, 2010. More interesting news about BMO EMG MKT BOND HDGD TO CAD IDX ETF (TSE:ZEF) were released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” published on November 18, 2015 as well as Theglobeandmail.com‘s news article titled: “Three top ETF picks from Industrial Alliance’s John DeGoey” with publication date: September 26, 2016.
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