The stock of BMO Short Corporate Bond Index ETF (TSE:ZCS) gapped down by $0.01 today and has $14.04 target or 3.00% below today’s $14.47 share price. The 7 months technical chart setup indicates high risk for the $1.34B company. The gap down was reported on Nov, 25 by Barchart.com. If the $14.04 price target is reached, the company will be worth $40.20M 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 16,393 shares traded hands. BMO Short Corporate Bond Index ETF (TSE:ZCS) has declined 0.41% since April 21, 2016 and is downtrending. It has underperformed by 5.82% the S&P500.
More important recent BMO Short Corporate Bond Index ETF (TSE:ZCS) news were published by: News.Sys-Con.com which released: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on November 18, 2016, also Theglobeandmail.com published article titled: “BMO cuts annual management fees by more than 50% on some ETFs”, Theglobeandmail.com published: “How safe are short-term bond funds?” on August 30, 2013. More interesting news about BMO Short Corporate Bond Index ETF (TSE:ZCS) was released by: Theglobeandmail.com and their article: “Larry Berman: Why a balanced fund I run currently has very little exposure to …” with publication date: July 18, 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.