Is Major Move Coming For VANGUARD FTSE CANADA ALL CAP IDX ETF After This Gap Down?

 Is Major Move Coming For VANGUARD FTSE CANADA ALL CAP IDX ETF After This Gap Down?

The stock of VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) gapped down by $0.04 today and has $27.59 target or 6.00% below today’s $29.35 share price. The 8 months technical chart setup indicates high risk for the $606.70M company. The gap down was reported on Nov, 11 by Barchart.com. If the $27.59 price target is reached, the company will be worth $36.40 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 12,105 shares traded hands. VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) has risen 10.43% since April 11, 2016 and is uptrending. It has outperformed by 4.29% 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment