The stock of VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) gapped up by $0.17 today and has $42.77 target or 39.00% above today’s $30.77 share price. The 5 months technical chart setup indicates low risk for the $259.75 million company. The gap was reported on Nov, 7 by Barchart.com. If the $42.77 price target is reached, the company will be worth $101.30 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 12,527 shares traded hands or 14.70% up from the average. VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) has risen 7.50% since April 1, 2016 and is uptrending. It has outperformed by 5.55% the S&P500.
More notable recent VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also Business.Financialpost.com with their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015, Fool.ca published: “Should You Invest in a Dividend ETF or its Top Holdings?” on February 29, 2016. More interesting news about VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) were released by: Theglobeandmail.com and their article: “Exotic dividend ETFs can fall short of the hype” published on October 26, 2012 as well as Theglobeandmail.com‘s news article titled: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” with publication date: November 22, 2014.
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