The stock of BMO US Dividend Hedged CAD ETF (TSE:ZUD) gapped up by $0.07 today and has $50.22 target or 131.00% above today’s $21.74 share price. The 5 months technical chart setup indicates low risk for the $252.53 million company. The gap was reported on Nov, 21 by Barchart.com. If the $50.22 price target is reached, the company will be worth $330.81 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 15,314 shares traded hands or 168.81% up from the average. BMO US Dividend Hedged CAD ETF (TSE:ZUD) has risen 8.66% since April 19, 2016 and is uptrending. It has outperformed by 4.80% the S&P500.
More notable recent BMO US Dividend Hedged CAD ETF (TSE:ZUD) news were published by: Business.Financialpost.com which released: “How to find the top US dividend funds” on August 22, 2014, also Marketwired.com with their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” published on November 18, 2015, News.Sys-Con.com published: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on November 18, 2016. More interesting news about BMO US Dividend Hedged CAD ETF (TSE:ZUD) were released by: Theglobeandmail.com and their article: “The case against covered call ETFs” published on May 23, 2014 as well as Theglobeandmail.com‘s news article titled: “Canadians are about to get even more choice when it comes to ETFs” with publication date: August 10, 2015.
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