The stock of VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) gapped up by $0.03 today and has $40.21 target or 53.00% above today’s $26.28 share price. The 7 months technical chart setup indicates low risk for the $1.10B company. The gap was reported on Nov, 4 by Barchart.com. If the $40.21 price target is reached, the company will be worth $583.00 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 25,749 shares traded hands. VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) has risen 1.00% since March 31, 2016 and is uptrending. It has underperformed by 0.09% the S&P500.
More notable recent VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) news were published by: Etfdailynews.com which released: “Know The Limits of Limit Orders [VANGUARD CDN AGGREGATE BOND INDEX ETF(TSE:VAB)]” on December 17, 2014, also Etfdailynews.com with their article: “Understanding ECN Fees [VANGUARD CDN AGGREGATE BOND INDEX ETF(TSE:VAB)]” published on December 24, 2014, Business.Financialpost.com published: “A portfolio for paupers: Investing when you’re short on time and money” on August 08, 2014. More interesting news about VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) were released by: Theglobeandmail.com and their article: “How to assess five new Vanguard ETFs” published on August 13, 2013 as well as Marketwatch.com‘s news article titled: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” with publication date: September 06, 2016.
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