Could VANGUARD CDN SHORT-TERM BOND INDEX ETF Gain Strenght? The Stock Just Gapped Down

 Could VANGUARD CDN SHORT TERM BOND INDEX ETF Gain Strenght? The Stock Just Gapped Down

The stock of VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) gapped down by $0.02 today and has $22.24 target or 9.00% below today’s $24.44 share price. The 5 months technical chart setup indicates high risk for the $805.39 million company. The gap down was reported on Nov, 28 by Barchart.com. If the $22.24 price target is reached, the company will be worth $72.49M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 27,013 shares traded hands. VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) has declined 0.85% since April 22, 2016 and is downtrending. It has underperformed by 6.86% the S&P500.

More recent VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016. Also Marketwatch.com published the news titled: “Vanguard Announces Cash Distributions for the Vanguard ETFs (VAB, VSB, VSC …” on October 20, 2016. Theglobeandmail.com‘s news article titled: “What we’re investing in: Canada’s five most popular ETFs” with publication date: October 01, 2015 was also an interesting one.

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