BMO US PUT WRITE ETF Gaps Down Today, Is Now One of The Worst Performers

 BMO US PUT WRITE ETF Gaps Down Today, Is Now One of The Worst Performers

The stock of BMO US PUT WRITE ETF (TSE:ZPW) gapped down by $0.05 today and has $18.60 target or 4.00% below today’s $19.38 share price. The 8 months technical chart setup indicates high risk for the $118.71 million company. The gap down was reported on Nov, 28 by Barchart.com. If the $18.60 price target is reached, the company will be worth $4.75M 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 34,221 shares traded hands or 77.31% up from the average. BMO US PUT WRITE ETF (TSE:ZPW) has risen 4.65% since April 22, 2016 and is uptrending. It has underperformed by 1.36% the S&P500.

More important recent BMO US PUT WRITE ETF (TSE:ZPW) news were published by: Theglobeandmail.com which released: “Canadians are about to get even more choice when it comes to ETFs” on August 10, 2015, also Marketwired.com published article titled: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …”, Theglobeandmail.com published: “Five specialty ETFs give investors room to play” on February 25, 2016. More interesting news about BMO US PUT WRITE ETF (TSE:ZPW) was released by: News.Sys-Con.com and their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” with publication date: November 18, 2016.

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