VANGUARD FTSE CDN CAPPED REIT INDEX ETF’s Big Gap Up Today Points to Less Stock Risks

 VANGUARD FTSE CDN CAPPED REIT INDEX ETF's Big Gap Up Today Points to Less Stock Risks

The stock of VANGUARD FTSE CDN CAPPED REIT INDEX ETF (TSE:VRE) gapped up by $0.07 today and has $66.43 target or 135.00% above today’s $28.27 share price. The 6 months technical chart setup indicates low risk for the $114.17 million company. The gap was reported on Nov, 7 by Barchart.com. If the $66.43 price target is reached, the company will be worth $154.13 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 20,271 shares traded hands or 71.05% up from the average. VANGUARD FTSE CDN CAPPED REIT INDEX ETF (TSE:VRE) has declined 0.95% since April 1, 2016 and is downtrending. It has underperformed by 2.91% the S&P500.

More notable recent VANGUARD FTSE CDN CAPPED REIT INDEX ETF (TSE:VRE) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on July 19, 2016, Fool.ca published: “You Can Retire Comfortably” on January 04, 2016. More interesting news about VANGUARD FTSE CDN CAPPED REIT INDEX ETF (TSE:VRE) were released by: Theglobeandmail.com and their article: “With Canadian REIT ETFs slowing, look abroad” published on March 05, 2013 as well as Theglobeandmail.com‘s news article titled: “Mathematician opts for stability with diversified ETF portfolio” with publication date: July 22, 2016.

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