VANGUARD US TOTAL MARKET IDX ETF Gaps Up; Strong Momentum for Buyers

 VANGUARD US TOTAL MARKET IDX ETF Gaps Up; Strong Momentum for Buyers

The stock of VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) gapped up by $0.11 today and has $66.66 target or 62.00% above today’s $41.15 share price. The 6 months technical chart setup indicates low risk for the $708.56M company. The gap was reported on Nov, 14 by Barchart.com. If the $66.66 price target is reached, the company will be worth $439.31 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 28,937 shares traded hands or 51.61% 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 notable 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 Marketwatch.com with their article: “Why Vanguard Total Stock Market isn’t the best fund in the fleet” published on December 03, 2014, Forbes.com published: “Broad Market Does Not Mean Total Market” on May 30, 2013. More interesting news about VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) were released by: Time.com and their article: “MONEY 50: The World’s Best Mutual Funds and ETFs” published on January 04, 2016 as well as Marketwatch.com‘s news article titled: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” with publication date: September 06, 2016.

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