The stock of VANGUARD SP 500 INDEX ETF (TSE:VFV) hit a new 52-week high and has $64.46 target or 25.00% above today’s $51.57 share price. The 7 months bullish chart indicates low risk for the $847.88 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $64.46 price target is reached, the company will be worth $211.97 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 119,722 shares traded hands or 411.68% up from the average. VANGUARD SP 500 INDEX ETF (TSE:VFV) has risen 6.19% since April 5, 2016 and is uptrending. It has outperformed by 1.41% the S&P500.
More recent VANGUARD SP 500 INDEX ETF (TSE:VFV) news were published by: Time.com which released: “Is Vanguard 500 Index Fund Still Worth Owning?” on August 03, 2016. Also Seekingalpha.com published the news titled: “Your S&P 500 Index Fund Should Be A Mutual Fund, Not An ETF” on March 22, 2016. Fool.com‘s news article titled: “ETF vs. Index Fund: Which Is Best for You?” with publication date: August 26, 2016 was also an interesting one.
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