The stock of VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) gapped up by $0.04 today and has $47.39 target or 60.00% above today’s $29.62 share price. The 9 months technical chart setup indicates low risk for the $593.93M company. The gap was reported on Nov, 7 by Barchart.com. If the $47.39 price target is reached, the company will be worth $356.36M 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 26,511 shares traded hands or 18.06% up from the average. VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) has risen 9.64% since April 5, 2016 and is uptrending. It has outperformed by 7.69% the S&P500.
More notable recent VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) news were published by: Theglobeandmail.com which released: “How to assess five new Vanguard ETFs” on August 13, 2013, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on September 06, 2016, Etfdailynews.com published: “A Closer Look Inside Vanguard Canada’s New ETFs” on August 16, 2013. More interesting news about VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) were released by: Theglobeandmail.com and their article: “Mathematician opts for stability with diversified ETF portfolio” published on July 22, 2016 as well as Etfdailynews.com‘s news article titled: “Finding the Pefect Pair for Tax Loss Selling (VFV, XUS, ZCN, VCN)” with publication date: October 24, 2013.
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