The stock of VANGUARD FTSE DEV ALL CAP NA IDX (TSE:VIU) gapped down by $0.05 today and has $21.15 target or 12.00% below today’s $24.03 share price. The 8 months technical chart setup indicates high risk for the $120.50 million company. The gap down was reported on Nov, 4 by Barchart.com. If the $21.15 price target is reached, the company will be worth $14.46M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 10,129 shares traded hands or 1.88% up from the average. VANGUARD FTSE DEV ALL CAP NA IDX (TSE:VIU) has risen 3.61% since March 31, 2016 and is uptrending. It has outperformed by 2.52% the S&P500.
More news for VANGUARD FTSE DEV ALL CAP NA IDX (TSE:VIU) were recently published by: Etfdailynews.com, which released: “A Closer Look Inside Vanguard Canada’s New ETFs” on August 16, 2013. Theglobeandmail.com‘s article titled: “Eye on Shorts: What bearish investors are betting against” and published on July 20, 2016 is yet another important article.
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