The stock of Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) gapped up by $0.03 today and has $32.88 target or 7.00% above today’s $30.73 share price. The 5 months technical chart setup indicates low risk for the $485.35M company. The gap was reported on Nov, 22 by Barchart.com. If the $32.88 price target is reached, the company will be worth $33.97M 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 15,100 shares traded hands. Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) has risen 7.28% since April 20, 2016 and is uptrending. It has outperformed by 2.72% 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: “For foreign ETFs, time to think outside the basket” with publication date: October 31, 2014.
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