VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF Gap Up Today Means Lower Risks Forward

 VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF Gap Up Today Means Lower Risks Forward

The stock of VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) gapped up by $0.02 today and has $89.04 target or 180.00% above today’s $31.80 share price. The 5 months technical chart setup indicates low risk for the $269.32M company. The gap was reported on Nov, 17 by Barchart.com. If the $89.04 price target is reached, the company will be worth $484.78 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 19,473 shares traded hands. VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) has risen 9.91% since April 13, 2016 and is uptrending. It has outperformed by 5.29% the S&P500.

More notable recent VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also Business.Financialpost.com with their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015, Fool.ca published: “Should You Invest in a Dividend ETF or its Top Holdings?” on February 29, 2016. More interesting news about VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) were released by: Theglobeandmail.com and their article: “Exotic dividend ETFs can fall short of the hype” published on October 26, 2012 as well as Theglobeandmail.com‘s news article titled: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” with publication date: November 22, 2014.

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