What Next for VANGUARD FTSE DEV AC EX US IDX CAD HEG After Today’s Gap Up?

 What Next for VANGUARD FTSE DEV AC EX US IDX CAD HEG After Today's Gap Up?

The stock of VANGUARD FTSE DEV AC EX US IDX CAD HEG (TSE:VEF) gapped up by $0.16 today and has $59.40 target or 70.00% above today’s $34.94 share price. The 5 months technical chart setup indicates low risk for the $425.95M company. The gap was reported on Oct, 18 by Barchart.com. If the $59.40 price target is reached, the company will be worth $298.17 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 15,518 shares traded hands or 133.99% up from the average. VANGUARD FTSE DEV AC EX US IDX CAD HEG (TSE:VEF) has risen 2.61% since March 11, 2016 and is uptrending. It has underperformed by 2.87% the S&P500.

Another recent and important VANGUARD FTSE DEV AC EX US IDX CAD HEG (TSE:VEF) news was published by Theglobeandmail.com which published an article titled: “Eye on Shorts: What bearish investors are betting against” on July 20, 2016.

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