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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