The stock of Vanguard FTSE Developed Asia Pacific Index ETF (TSE:VA) gapped down by $0.01 today and has $26.28 target or 12.00% below today’s $29.86 share price. The 6 months technical chart setup indicates high risk for the $45.45M company. The gap down was reported on Nov, 11 by Barchart.com. If the $26.28 price target is reached, the company will be worth $5.45M 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 13,550 shares traded hands or 185.26% up from the average. Vanguard FTSE Developed Asia Pacific Index ETF (TSE:VA) has risen 13.60% since April 7, 2016 and is uptrending. It has outperformed by 7.46% the S&P500.
More notable recent Vanguard FTSE Developed Asia Pacific Index ETF (TSE:VA) news were published by: Marketwatch.com which released: “Vanguard introduces two low cost currency hedged ETFs” on October 11, 2016, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on September 06, 2016, Seekingalpha.com published: “Vanguard FTSE Pacific ETF Is Mostly Japanese Stocks, But It Looks Compelling (VPL)” on January 30, 2015. More interesting news about Vanguard FTSE Developed Asia Pacific Index ETF (TSE:VA) were released by: Prnewswire.com and their article: “Four Vanguard International Equity Index Funds To Broaden Diversification With …” published on June 02, 2015 as well as Forbes.com‘s news article titled: “Vanguard and FTSE Announce their Engagement” with publication date: October 08, 2012.
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.