Bearish Gap Down for VANGUARD CDN AGGREGATE BOND INDEX ETF After Worse Fundamentals

 Bearish Gap Down for VANGUARD CDN AGGREGATE BOND INDEX ETF After Worse Fundamentals

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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