Vanguard FTSE Developed Asia Pacific Index ETF’s Stock Is Sell After Today’s Gap Down


The stock of Vanguard FTSE Developed Asia Pacific Index ETF (TSE:VA) gapped down by $0.26 today and has $25.18 target or 12.00% below today’s $28.61 share price. The 8 months technical chart setup indicates high risk for the $38.54M company. The gap down was reported on Sep, 13 by If the $25.18 price target is reached, the company will be worth $4.62 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 12,920 shares traded hands or 51.55% up from the average. Vanguard FTSE Developed Asia Pacific Index ETF (TSE:VA) has risen 8.75% since February 5, 2016 and is uptrending. It has underperformed by 7.74% the S&P500.

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