The stock of BMO Equal Weight REITS Index ETF (TSE:ZRE) gapped down by $0.02 today and has $16.85 target or 8.00% below today’s $18.31 share price. The 7 months technical chart setup indicates high risk for the $378.66 million company. The gap down was reported on Nov, 25 by Barchart.com. If the $16.85 price target is reached, the company will be worth $30.29 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 29,223 shares traded hands. BMO Equal Weight REITS Index ETF (TSE:ZRE) has declined 3.26% since April 21, 2016 and is downtrending. It has underperformed by 8.67% 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: Theglobeandmail.com and their article: “The case for and against real estate ETFs” published on June 28, 2016 as well as Business.Financialpost.com‘s news article titled: “BMO unveils more Equal Weighted ETFs; Emerging Markets and Real Return Bond ETFs” with publication date: May 26, 2010.
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.