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.
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.