What Will Happen to VANGUARD CDN SHORT-TERM BOND INDEX ETF Next? The Stock Just Gapped Up

 What Will Happen to VANGUARD CDN SHORT TERM BOND INDEX ETF Next? The Stock Just Gapped Up

The stock of VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) gapped up by $0.02 today and has $33.02 target or 34.00% above today’s $24.64 share price. The 8 months technical chart setup indicates low risk for the $1.23B company. The gap was reported on Oct, 17 by Barchart.com. If the $33.02 price target is reached, the company will be worth $418.20 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 20,318 shares traded hands. VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) has declined 0.36% since March 10, 2016 and is downtrending. It has underperformed by 5.98% the S&P500.

More notable recent VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016, also Theglobeandmail.com with their article: “What we’re investing in: Canada’s five most popular ETFs” published on October 01, 2015, Fool.ca published: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” on May 12, 2015. More interesting news about VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) were released by: Business.Financialpost.com and their article: “The DIY investor’s guide to portfolio building: How to choose the right ETF” published on May 22, 2015 as well as Business.Financialpost.com‘s news article titled: “How to use ETFs to hedge against interest rate hikes” with publication date: February 10, 2015.

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