VANGUARD FTSE CANADA INDEX ETF Gaps Down Today, Is Now One of The Worst Performers

 VANGUARD FTSE CANADA INDEX ETF Gaps Down Today, Is Now One of The Worst Performers

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 — 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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