The stock of VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) gapped up by $0.08 today and has $50.23 target or 22.00% above today’s $41.17 share price. The 8 months technical chart setup indicates low risk for the $708.56M company. The gap was reported on Nov, 14 by Barchart.com. If the $50.23 price target is reached, the company will be worth $155.88 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 106,064 shares traded hands or 455.69% up from the average. VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) has risen 12.70% since April 12, 2016 and is uptrending. It has outperformed by 7.72% the S&P500.
More recent VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) news were published by: Fool.com which released: “5 Reasons to Buy the Vanguard Total Stock Market ETF” on June 29, 2016. Also Time.com published the news titled: “MONEY 50: The World’s Best Mutual Funds and ETFs” on January 04, 2016. Marketwatch.com‘s news article titled: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” with publication date: September 06, 2016 was also an interesting one.
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