Some Traders Are Very Bullish on VANGUARD FTSE CANADA ALL CAP IDX ETF After Today’s Gap Up

 Some Traders Are Very Bullish on VANGUARD FTSE CANADA ALL CAP IDX ETF After Today's Gap Up

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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