Time to Sell VANGUARD US AGG BOND INDEX ETF CAD After Today’s Gap Down?

 Time to Sell VANGUARD US AGG BOND INDEX ETF CAD After Today's Gap Down?

The stock of VANGUARD US AGG BOND INDEX ETF CAD (TSE:VBU) gapped down by $0.1 today and has $21.47 target or 14.00% below today’s $24.97 share price. The 7 months technical chart setup indicates high risk for the $81.07M company. The gap down was reported on Nov, 14 by Barchart.com. If the $21.47 price target is reached, the company will be worth $11.35M 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 118,947 shares traded hands or 1730.52% up from the average. VANGUARD US AGG BOND INDEX ETF CAD (TSE:VBU) has declined 1.53% since April 8, 2016 and is downtrending. It has underperformed by 6.51% the S&P500.

More important recent VANGUARD US AGG BOND INDEX ETF CAD (TSE:VBU) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016, also Theglobeandmail.com published article titled: “How to assess five new Vanguard ETFs”, Business.Financialpost.com published: “5 mistakes ETF investors make” on May 30, 2014. More interesting news about VANGUARD US AGG BOND INDEX ETF CAD (TSE:VBU) was released by: Theglobeandmail.com and their article: “In the Vanguard of lower fund fees” with publication date: January 05, 2013.

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