After Today’s Gap Down, Is VANGUARD CDN SHORT-TERM BOND INDEX ETF’s Near-Term Analysis Negative?

 After Today's Gap Down, Is VANGUARD CDN SHORT TERM BOND INDEX ETF's Near Term Analysis Negative?

The stock of VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) gapped down by $0.02 today and has $22.30 target or 9.00% below today’s $24.51 share price. The 8 months technical chart setup indicates high risk for the $804.91M company. The gap down was reported on Nov, 14 by Barchart.com. If the $22.30 price target is reached, the company will be worth $72.44 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 17,721 shares traded hands. VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) has declined 0.77% since April 8, 2016 and is downtrending. It has underperformed by 5.75% the S&P500.

More notable recent VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016, also Theglobeandmail.com with their article: “What we’re investing in: Canada’s five most popular ETFs” published on October 01, 2015, Fool.ca published: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” on May 12, 2015. More interesting news about VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) were released by: Business.Financialpost.com and their article: “The DIY investor’s guide to portfolio building: How to choose the right ETF” published on May 22, 2015 as well as Business.Financialpost.com‘s news article titled: “How to use ETFs to hedge against interest rate hikes” with publication date: February 10, 2015.

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