BMO SHORT PROVINCIAL BOND INDEX ETF Could Burn Your Portfolio. Has Another Gap Down

 BMO SHORT PROVINCIAL BOND INDEX ETF Could Burn Your Portfolio. Has Another Gap Down

The stock of BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) gapped down by $0.01 today and has $12.82 target or 8.00% below today’s $13.93 share price. The 7 months technical chart setup indicates high risk for the $480.22 million company. The gap down was reported on Nov, 29 by Barchart.com. If the $12.82 price target is reached, the company will be worth $38.42M 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 33,100 shares traded hands or 345.01% up from the average. BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) has declined 1.34% since April 25, 2016 and is downtrending. It has underperformed by 6.60% the S&P500.

More notable recent BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) news were published by: Business.Financialpost.com which released: “Provincial bond ETFs combine yield, safety” on January 25, 2013, also Theglobeandmail.com with their article: “How safe are short-term bond funds?” published on August 30, 2013, News.Sys-Con.com published: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on November 18, 2016. More interesting news about BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) were released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” published on November 18, 2015 as well as Theglobeandmail.com‘s news article titled: “Provincial bond ETF: A low-risk route to higher returns” with publication date: January 22, 2013.

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