The stock of BMO Equal Weight REITS Index ETF (TSE:ZRE) gapped down by $0.01 today and has $17.62 target or 4.00% below today’s $18.35 share price. The 7 months technical chart setup indicates high risk for the $378.66M company. The gap down was reported on Nov, 25 by Barchart.com. If the $17.62 price target is reached, the company will be worth $15.15M 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 50,502 shares traded hands or 24.21% up from the average. 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: Business.Financialpost.com and their article: “BMO unveils more Equal Weighted ETFs; Emerging Markets and Real Return Bond ETFs” published on May 26, 2010 as well as Theglobeandmail.com‘s news article titled: “The case for and against real estate ETFs” with publication date: June 28, 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.