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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