Does VANGUARD CDN SHORT-TERM BOND INDEX ETF Have Any Gas After Today’s Gap Up?

 Does VANGUARD CDN SHORT TERM BOND INDEX ETF Have Any Gas After Today's Gap Up?

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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