The stock of VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) gapped up by $0.01 today and has $36.13 target or 38.00% above today’s $26.18 share price. The 6 months technical chart setup indicates low risk for the $1.09B company. The gap was reported on Oct, 31 by Barchart.com. If the $36.13 price target is reached, the company will be worth $414.20M 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 32,386 shares traded hands. VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) has risen 1.01% since March 24, 2016 and is uptrending. It has underperformed by 2.47% the S&P500.
More notable recent VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) news were published by: Etfdailynews.com which released: “Understanding ECN Fees [VANGUARD CDN AGGREGATE BOND INDEX ETF(TSE:VAB)]” on December 24, 2014, also Business.Financialpost.com with their article: “A portfolio for paupers: Investing when you’re short on time and money” published on August 08, 2014, Theglobeandmail.com published: “How to assess five new Vanguard ETFs” on August 13, 2013. More interesting news about VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) were released by: Marketwatch.com and their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on September 06, 2016 as well as Theglobeandmail.com‘s news article titled: “Mathematician opts for stability with diversified ETF portfolio” with publication date: July 22, 2016.
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