The stock of BMO Junior Gold Index ETF (TSE:ZJG) gapped up by $0.02 today and has $18.82 target or 127.00% above today’s $8.29 share price. The 9 months technical chart setup indicates low risk for the $77.07 million company. The gap was reported on Nov, 21 by Barchart.com. If the $18.82 price target is reached, the company will be worth $97.88M 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 81,926 shares traded hands. BMO Junior Gold Index ETF (TSE:ZJG) has risen 6.62% since April 15, 2016 and is uptrending. It has outperformed by 2.76% the S&P500.
Another recent and important BMO Junior Gold Index ETF (TSE:ZJG) news was published by Theglobeandmail.com which published an article titled: “Five ETFs to choose from as gold stocks finally come alive” on July 17, 2013.
BMO Junior Gold Index ETF invests in the equity securities of gold mining companies. The ETF has a market cap of $77.07 million. The Fund seeks to replicate, to the extent possible, the performance of a junior gold companies index, net of expenses. It currently has negative earnings. It seeks to replicate the performance of the Dow Jones North America Select Junior Gold Index.
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