The stock of Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) gapped down by $0.01 today and has $27.40 target or 10.00% below today’s $30.44 share price. The 8 months technical chart setup indicates high risk for the $483.05 million company. The gap down was reported on Nov, 16 by Barchart.com. If the $27.40 price target is reached, the company will be worth $48.31M 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 12,120 shares traded hands. Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) has risen 7.16% since April 14, 2016 and is uptrending. It has outperformed by 2.48% the S&P500.
More notable recent Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) news were published by: Theglobeandmail.com which released: “Three top ETF picks from BBSL’s John DeGoey” on November 06, 2014, also Theglobeandmail.com with their article: “Vanguard adds Chinese equities to its emerging markets ETF” published on June 02, 2015, Fool.ca published: “How to Overweight Your Portfolio for an Oil Comeback (and Avoid Gambler’s Ruin)” on March 05, 2015. More interesting news about Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) were released by: Theglobeandmail.com and their article: “Three top picks from BBSL’s John DeGoey” published on August 17, 2015 as well as Theglobeandmail.com‘s news article titled: “Three top ETF picks from Industrial Alliance’s John DeGoey” with publication date: July 05, 2016.
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