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.