The stock of VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) gapped up by $0.01 today and has $36.48 target or 48.00% above today’s $24.65 share price. The 7 months technical chart setup indicates low risk for the $795.55 million company. The gap was reported on Nov, 4 by Barchart.com. If the $36.48 price target is reached, the company will be worth $381.86 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 18,485 shares traded hands. VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) has declined 0.28% since March 31, 2016 and is downtrending. It has underperformed by 1.37% the S&P500.
More notable recent VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on July 19, 2016, Theglobeandmail.com published: “What we’re investing in: Canada’s five most popular ETFs” on October 01, 2015. More interesting news about VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) were released by: Fool.ca and their article: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” published on May 12, 2015 as well as Business.Financialpost.com‘s news article titled: “The DIY investor’s guide to portfolio building: How to choose the right ETF” with publication date: May 22, 2015.
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