The stock of BMO US DIVIDEND ETF CAD (TSE:ZDY) gapped down by $0.07 today and has $26.82 target or 5.00% below today’s $28.23 share price. The 8 months technical chart setup indicates high risk for the $1.21 billion company. The gap down was reported on Dec, 1 by Barchart.com. If the $26.82 price target is reached, the company will be worth $60.50M 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 63,206 shares traded hands or 100.03% 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.