The stock of VANGUARD SP 500 INDEX ETF CAD HEDGED (TSE:VSP) gapped up by $0.28 today and has $96.38 target or 156.00% above today’s $37.65 share price. The 9 months technical chart setup indicates low risk for the $355.05M company. The gap was reported on Nov, 7 by Barchart.com. If the $96.38 price target is reached, the company will be worth $553.88M 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 13,928 shares traded hands or 50.38% up from the average. VANGUARD SP 500 INDEX ETF CAD HEDGED (TSE:VSP) has risen 1.09% since April 1, 2016 and is uptrending. It has underperformed by 0.87% the S&P500.
More notable recent VANGUARD SP 500 INDEX ETF CAD HEDGED (TSE:VSP) news were published by: Business.Financialpost.com which released: “How Warren Buffett â€” arguably the world’s greatest stock picker â€” caused a …” on August 21, 2014, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on September 06, 2016, Fool.ca published: “3 Reasons Why Now Is the Time to Own the S&P 500” on November 07, 2016. More interesting news about VANGUARD SP 500 INDEX ETF CAD HEDGED (TSE:VSP) were released by: Theglobeandmail.com and their article: “US ETFs: Top picks for Canadian investors” published on December 08, 2012 as well as Marketwatch.com‘s news article titled: “Vanguard Announces Cash Distributions For The Vanguard ETFs (VFV, VSP, VGG And …” with publication date: March 14, 2016.