The stock of VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) gapped down by $0.01 today and has $23.27 target or 6.00% below today’s $24.76 share price. The 5 months technical chart setup indicates high risk for the $951.37M company. The gap down was reported on Nov, 14 by Barchart.com. If the $23.27 price target is reached, the company will be worth $57.08 million 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 61,265 shares traded hands or 86.79% up from the average. VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) has 0.00% since April 8, 2016 and is . It has underperformed by 4.98% the S&P500.
More notable recent VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on August 22, 2016, Theglobeandmail.com published: “What we’re investing in: Canada’s five most popular ETFs” on October 01, 2015. More interesting news about VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) were released by: Business.Financialpost.com and their article: “The DIY investor’s guide to portfolio building: How to choose the right ETF” published on May 22, 2015 as well as Theglobeandmail.com‘s news article titled: “In the Vanguard of lower fund fees” with publication date: January 05, 2013.
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