The stock of VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) gapped up by $0.01 today and has $26.93 target or 5.00% above today’s $25.65 share price. The 9 months technical chart setup indicates low risk for the $1.10 billion company. The gap was reported on Nov, 25 by Barchart.com. If the $26.93 price target is reached, the company will be worth $55.00M 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 39,906 shares traded hands. VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) has declined 1.23% since April 21, 2016 and is downtrending. It has underperformed by 6.64% the S&P500.
Another recent and important VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) news was published by Etfdailynews.com which published an article titled: “Understanding ECN Fees [VANGUARD CDN AGGREGATE BOND INDEX ETF(TSE:VAB)]” on December 24, 2014.
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