The stock of VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) gapped down by $0.03 today and has $24.55 target or 14.00% below today’s $28.55 share price. The 7 months technical chart setup indicates high risk for the $359.23M company. The gap down was reported on Nov, 16 by Barchart.com. If the $24.55 price target is reached, the company will be worth $50.29M 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 27,088 shares traded hands or 30.53% up from the average. VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) has risen 8.04% since April 12, 2016 and is uptrending. It has outperformed by 3.35% the S&P500.
More important recent VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) news were published by: Prnewswire.com which released: “Vanguard Emerging Markets Stock Index Fund Transitions to New FTSE Index” on November 01, 2015, also Prnewswire.com published article titled: “Four Vanguard International Equity Index Funds To Broaden Diversification With …”, Zacks.com published: “Emerging Market ETFs Dip after Trump Win, Time to Buy?” on November 14, 2016. More interesting news about VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) was released by: Etftrends.com and their article: “Control Your Emerging Market Exposure with Focused Index ETFs” with publication date: September 04, 2015.
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