The stock of VANGUARD FTSE CANADA INDEX ETF (TSE:VCE) gapped down by $0.03 today and has $27.76 target or 10.00% below today’s $30.84 share price. The 8 months technical chart setup indicates high risk for the $441.48M company. The gap down was reported on Nov, 11 by Barchart.com. If the $27.76 price target is reached, the company will be worth $44.15 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 15,292 shares traded hands or 50.14% up from the average. VANGUARD FTSE CANADA INDEX ETF (TSE:VCE) has risen 11.43% since April 7, 2016 and is uptrending. It has outperformed by 5.28% the S&P500.
More notable recent VANGUARD FTSE CANADA INDEX ETF (TSE:VCE) news were published by: Etfdailynews.com which released: “A Closer Look Inside Vanguard Canada’s New ETFs” on August 16, 2013, also Theglobeandmail.com with their article: “Five things your dividend ETF isn’t telling you” published on July 08, 2014, Fool.ca published: “Here’s How to Invest in the S&P/TSX Composite â€” And Why You May Not Want To” on July 24, 2013. More interesting news about VANGUARD FTSE CANADA INDEX ETF (TSE:VCE) were released by: Business.Financialpost.com and their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015 as well as Marketwatch.com‘s news article titled: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” with publication date: September 06, 2016.
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