The stock of BMO ULTRA SHORT TERM BOND ETF (TSE:ZST) gapped up by $0.02 today and has $55.99 target or 5.00% above today’s $53.32 share price. The 5 months technical chart setup indicates low risk for the $54.63M company. The gap was reported on Dec, 1 by Barchart.com. If the $55.99 price target is reached, the company will be worth $2.73 million 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 21,235 shares traded hands or 1977.79% up from the average. BMO ULTRA SHORT TERM BOND ETF (TSE:ZST) has declined 1.13% since May 2, 2016 and is downtrending. It has underperformed by 7.06% the S&P500.
More notable recent BMO ULTRA SHORT TERM BOND ETF (TSE:ZST) news were published by: Marketwired.com which released: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” on November 18, 2015, also News.Sys-Con.com with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on November 18, 2016, Business.Financialpost.com published: “Investors hungry for returns are piling in Canada long-bond ETFs at a record pace” on July 18, 2016. More interesting news about BMO ULTRA SHORT TERM BOND ETF (TSE:ZST) were released by: Theglobeandmail.com and their article: “Defensive ETF picks to reduce risk in volatile markets” published on April 07, 2016 as well as Theglobeandmail.com‘s news article titled: “Beware the risk in bond funds” with publication date: July 10, 2013.
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