The stock of VANGUARD US DIV APPR IDX ETF (TSE:VGG) gapped up by $0.05 today and has $93.15 target or 141.00% above today’s $38.65 share price. The 7 months technical chart setup indicates low risk for the $259.01M company. The gap was reported on Nov, 14 by Barchart.com. If the $93.15 price target is reached, the company will be worth $365.20 million 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 89,525 shares traded hands or 1743.22% up from the average. VANGUARD US DIV APPR IDX ETF (TSE:VGG) has risen 9.26% since April 12, 2016 and is uptrending. It has outperformed by 4.27% the S&P500.
More recent VANGUARD US DIV APPR IDX ETF (TSE:VGG) news were published by: Seekingalpha.com which released: “Va-Va VIG? Not So Much” on September 29, 2016. Also Seekingalpha.com published the news titled: “Why You Should Put Your Money In The Vanguard Dividend Appreciation ETF” on April 15, 2013. Investorplace.com‘s news article titled: “Protect Yourself From a Lopsided 401(k)” with publication date: November 07, 2012 was also an interesting one.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.