Is BMO Canada Divdends ETF’s Fuel Running High? The Stock Just Gapped Up

 Is BMO Canada Divdends ETF's Fuel Running High? The Stock Just Gapped Up

The stock of BMO Canada Divdends ETF (TSE:ZDV) gapped up by $0.11 today and has $17.61 target or 5.00% above today’s $16.77 share price. The 9 months technical chart setup indicates low risk for the $680.18 million company. The gap was reported on Nov, 30 by Barchart.com. If the $17.61 price target is reached, the company will be worth $34.01M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 15,542 shares traded hands. BMO Canada Divdends ETF (TSE:ZDV) has risen 8.00% since April 26, 2016 and is uptrending. It has outperformed by 2.77% the S&P500.

More news for BMO Canada Divdends ETF (TSE:ZDV) were recently published by: Theglobeandmail.com, which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014. Theglobeandmail.com‘s article titled: “The Great Canadian Dividend Fund Smackdown: Find a winner that works for you” and published on November 25, 2016 is yet another important article.

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