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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