What’s BMO LOW VOLATILITY US EQUITY ETF CAD Downside After Today’s Gap Down?

 What's BMO LOW VOLATILITY US EQUITY ETF CAD Downside After Today's Gap Down?

The stock of BMO LOW VOLATILITY US EQUITY ETF CAD (TSE:ZLU) gapped down by $0.1 today and has $27.94 target or 3.00% below today’s $28.80 share price. The 8 months technical chart setup indicates high risk for the $904.13 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $27.94 price target is reached, the company will be worth $27.12M 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 80,540 shares traded hands or 155.14% up from the average. BMO LOW VOLATILITY US EQUITY ETF CAD (TSE:ZLU) has risen 5.50% since April 29, 2016 and is uptrending. It has underperformed by 0.43% the S&P500.

More important recent BMO LOW VOLATILITY US EQUITY ETF CAD (TSE:ZLU) news were published by: Business.Financialpost.com which released: “Why compromises make sense in your ETF strategies” on February 17, 2015, also Marketwired.com published article titled: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …”, Marketwired.com published: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on March 18, 2016. More interesting news about BMO LOW VOLATILITY US EQUITY ETF CAD (TSE:ZLU) was released by: Theglobeandmail.com and their article: “Defensive ETF picks to reduce risk in volatile markets” with publication date: April 07, 2016.

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