The stock of VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) gapped up by $0.16 today and has $44.23 target or 45.00% above today’s $30.50 share price. The 5 months technical chart setup indicates low risk for the $619.17M company. The gap was reported on Nov, 21 by Barchart.com. If the $44.23 price target is reached, the company will be worth $278.63 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 47,876 shares traded hands or 93.48% up from the average. VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) has risen 7.92% since April 19, 2016 and is uptrending. It has outperformed by 4.06% the S&P500.
More important recent VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) news were published by: Theglobeandmail.com which released: “How to assess five new Vanguard ETFs” on August 13, 2013, also Marketwatch.com published article titled: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …”, Etfdailynews.com published: “A Closer Look Inside Vanguard Canada’s New ETFs” on August 16, 2013. More interesting news about VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) was released by: Etfdailynews.com and their article: “Finding the Pefect Pair for Tax Loss Selling (VFV, XUS, ZCN, VCN)” with publication date: October 24, 2013.