Will BMO US PUT WRITE ETF Short Squeeze Soon? The Stock Just Gapped Down

 Will BMO US PUT WRITE ETF Short Squeeze Soon? The Stock Just Gapped Down

The stock of BMO US PUT WRITE ETF (TSE:ZPW) gapped down by $0.03 today and has $17.63 target or 8.00% below today’s $19.16 share price. The 5 months technical chart setup indicates high risk for the $125.57M company. The gap down was reported on Dec, 1 by Barchart.com. If the $17.63 price target is reached, the company will be worth $10.05 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 63,461 shares traded hands or 157.52% up from the average. BMO US PUT WRITE ETF (TSE:ZPW) has risen 4.80% since April 27, 2016 and is uptrending. It has underperformed by 1.12% the S&P500.

More important recent BMO US PUT WRITE ETF (TSE:ZPW) news were published by: Theglobeandmail.com which released: “Larry Berman: The true cost of investing in ETFs” on November 30, 2016, also Theglobeandmail.com published article titled: “Canadians are about to get even more choice when it comes to ETFs”, Marketwired.com published: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” on November 18, 2015. More interesting news about BMO US PUT WRITE ETF (TSE:ZPW) was released by: Theglobeandmail.com and their article: “Five specialty ETFs give investors room to play” with publication date: February 25, 2016.

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