The stock of VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) gapped down by $0.17 today and has $23.78 target or 7.00% below today’s $25.57 share price. The 7 months technical chart setup indicates high risk for the $1.11B company. The gap down was reported on Nov, 14 by Barchart.com. If the $23.78 price target is reached, the company will be worth $77.70 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 122,783 shares traded hands or 111.66% up from the average. VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) has declined 0.27% since April 8, 2016 and is downtrending. It has underperformed by 5.25% the S&P500.
More recent VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) news were published by: Etfdailynews.com which released: “Understanding ECN Fees [VANGUARD CDN AGGREGATE BOND INDEX ETF(TSE:VAB)]” on December 24, 2014. Also Business.Financialpost.com published the news titled: “A portfolio for paupers: Investing when you’re short on time and money” on August 08, 2014. Theglobeandmail.com‘s news article titled: “How to assess five new Vanguard ETFs” with publication date: August 13, 2013 was also an interesting one.
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