Does VANGUARD SP 500 INDEX ETF Have Any Gas After Today’s Gap Up?

 Does VANGUARD SP 500 INDEX ETF Have Any Gas After Today's Gap Up?

The stock of VANGUARD SP 500 INDEX ETF (TSE:VFV) gapped up by $0.08 today and has $88.18 target or 69.00% above today’s $52.18 share price. The 6 months technical chart setup indicates low risk for the $876.29 million company. The gap was reported on Nov, 14 by Barchart.com. If the $88.18 price target is reached, the company will be worth $604.64M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 23,044 shares traded hands. VANGUARD SP 500 INDEX ETF (TSE:VFV) has risen 10.46% since April 8, 2016 and is uptrending. It has outperformed by 5.48% the S&P500.

More important recent VANGUARD SP 500 INDEX ETF (TSE:VFV) news were published by: Time.com which released: “Is Vanguard 500 Index Fund Still Worth Owning?” on August 03, 2016, also Seekingalpha.com published article titled: “Your S&P 500 Index Fund Should Be A Mutual Fund, Not An ETF”, Bloomberg.com published: “Put Buffett’s Advice Into Action With These Two ETFs” on May 02, 2016. More interesting news about VANGUARD SP 500 INDEX ETF (TSE:VFV) was released by: Fool.com and their article: “ETF vs. Index Fund: Which Is Best for You?” with publication date: August 26, 2016.

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