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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