The stock of VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) gapped down by $0.14 today and has $25.54 target or 11.00% below today’s $28.70 share price. The 5 months technical chart setup indicates high risk for the $356.21M company. The gap down was reported on Sep, 13 by Barchart.com. If the $25.54 price target is reached, the company will be worth $39.18 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 26,415 shares traded hands or 25.40% up from the average. VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) has risen 17.08% since February 5, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.