BMO US DIVIDEND ETF CAD Draws Bearish Focus After Its Gap Down Today

 BMO US DIVIDEND ETF CAD Draws Bearish Focus After Its Gap Down Today

The stock of BMO US DIVIDEND ETF CAD (TSE:ZDY) gapped down by $0.07 today and has $26.68 target or 5.00% below today’s $28.08 share price. The 9 months technical chart setup indicates high risk for the $1.21B company. The gap down was reported on Dec, 1 by Barchart.com. If the $26.68 price target is reached, the company will be worth $60.50 million 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 77,632 shares traded hands or 145.69% up from the average. BMO US DIVIDEND ETF CAD (TSE:ZDY) has risen 18.36% since April 29, 2016 and is uptrending. It has outperformed by 12.43% the S&P500.

Another recent and important BMO US DIVIDEND ETF CAD (TSE:ZDY) news was published by Business.Financialpost.com which published an article titled: “How to find the top US dividend funds” on August 22, 2014.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment