VANGUARD SP 500 INDEX ETF CAD HEDGED Gaps Up; Strong Momentum for Buyers

 VANGUARD SP 500 INDEX ETF CAD HEDGED Gaps Up; Strong Momentum for Buyers

The stock of VANGUARD SP 500 INDEX ETF CAD HEDGED (TSE:VSP) gapped up by $0.08 today and has $90.48 target or 132.00% above today’s $39.00 share price. The 6 months technical chart setup indicates low risk for the $386.35M company. The gap was reported on Nov, 21 by Barchart.com. If the $90.48 price target is reached, the company will be worth $509.98 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 13,235 shares traded hands or 1.64% up from the average. VANGUARD SP 500 INDEX ETF CAD HEDGED (TSE:VSP) has risen 5.41% since April 15, 2016 and is uptrending. It has outperformed by 1.55% the S&P500.

More notable recent VANGUARD SP 500 INDEX ETF CAD HEDGED (TSE:VSP) news were published by: Business.Financialpost.com which released: “How Warren Buffett — arguably the world’s greatest stock picker — caused a …” on August 21, 2014, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on September 06, 2016, Theglobeandmail.com published: “US ETFs: Top picks for Canadian investors” on December 08, 2012. More interesting news about VANGUARD SP 500 INDEX ETF CAD HEDGED (TSE:VSP) were released by: Marketwatch.com and their article: “Vanguard Announces Cash Distributions For The Vanguard ETFs (VFV, VSP, VGG And …” published on March 14, 2016 as well as Marketwatch.com‘s news article titled: “Vanguard introduces two low cost currency hedged ETFs” with publication date: October 11, 2016.

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