The stock of VANGUARD SP 500 INDEX ETF (TSE:VFV) hit a new 52-week high and has $55.38 target or 5.00% above today’s $52.74 share price. The 6 months bullish chart indicates low risk for the $899.54M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $55.38 price target is reached, the company will be worth $44.98 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2,809 shares traded hands. VANGUARD SP 500 INDEX ETF (TSE:VFV) has risen 11.87% since April 19, 2016 and is uptrending. It has outperformed by 6.54% the S&P500.
More news for VANGUARD SP 500 INDEX ETF (TSE:VFV) were recently published by: Time.com, which released: “Is Vanguard 500 Index Fund Still Worth Owning?” on August 03, 2016. Bloomberg.com‘s article titled: “Put Buffett’s Advice Into Action With These Two ETFs” and published on May 02, 2016 is yet another important article.
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