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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