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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