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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