BMO Monthly Income ETF Breaks Above 200-Day Moving Average - Bullish For ZMI

In trading on Wednesday, shares of BMO Monthly Income ETF (TSX: ZMI.TO) crossed above their 200 day moving average of $15.84, changing hands as high as $15.85 per share. BMO Monthly Income ETF shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of ZMI shares, versus its 200 day moving average:

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BMO Monthly Income ETF 200 Day Moving Average Chart

Looking at the chart above, ZMI's low point in its 52 week range is $15.02 per share, with $16.44 as the 52 week high point — that compares with a last trade of $15.81.
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