What’s Propelling VANGUARD FTSE CANADA ALL CAP IDX ETF to Increase So Much? The Stock Gaps Up Today

 What's Propelling VANGUARD FTSE CANADA ALL CAP IDX ETF to Increase So Much? The Stock Gaps Up Today

The stock of VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) gapped up by $0.07 today and has $40.18 target or 35.00% above today’s $29.76 share price. The 8 months technical chart setup indicates low risk for the $589.54 million company. The gap was reported on Oct, 18 by Barchart.com. If the $40.18 price target is reached, the company will be worth $206.34 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 21,515 shares traded hands. VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) has risen 9.48% since March 15, 2016 and is uptrending. It has outperformed by 4.00% the S&P500.

More notable recent VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) news were published by: Theglobeandmail.com which released: “How to assess five new Vanguard ETFs” on August 13, 2013, also Etfdailynews.com with their article: “A Closer Look Inside Vanguard Canada’s New ETFs” published on August 16, 2013, Marketwatch.com published: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016. More interesting news about VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) were released by: Theglobeandmail.com and their article: “Mathematician opts for stability with diversified ETF portfolio” published on July 22, 2016 as well as Marketwatch.com‘s news article titled: “Vanguard introduces two low cost currency hedged ETFs” with publication date: October 11, 2016.

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