The stock of VANGUARD SP 500 INDEX ETF (TSE:VFV) gapped up by $0.3 today and has $78.95 target or 56.00% above today’s $50.61 share price. The 6 months technical chart setup indicates low risk for the $827.34M company. The gap was reported on Nov, 7 by Barchart.com. If the $78.95 price target is reached, the company will be worth $463.31 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 40,054 shares traded hands or 79.46% up from the average. VANGUARD SP 500 INDEX ETF (TSE:VFV) has risen 3.97% since April 1, 2016 and is uptrending. It has outperformed by 2.02% the S&P500.
More notable recent VANGUARD SP 500 INDEX ETF (TSE:VFV) news were published by: Time.com which released: “Is Vanguard 500 Index Fund Still Worth Owning?” on August 03, 2016, also Fool.com with their article: “ETF vs. Index Fund: Which Is Best for You?” published on August 26, 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 (TSE:VFV) were released by: Seekingalpha.com and their article: “Help! My REITs Are Sinking” published on November 04, 2016 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: SPDR S&P 500 ETF, iShares Core S&P 500 ETF …” with publication date: October 28, 2016.
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