Could Vanguard FTSE All-World Ex Canada Index ETF Change Direction After Today’s Gap Down?

 Could Vanguard FTSE All World Ex Canada Index ETF Change Direction After Today's Gap Down?

The stock of Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) gapped down by $0.08 today and has $28.91 target or 6.00% below today’s $30.75 share price. The 8 months technical chart setup indicates high risk for the $494.96 million company. The gap down was reported on Nov, 28 by Barchart.com. If the $28.91 price target is reached, the company will be worth $29.70M 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 17,495 shares traded hands. Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) has risen 9.81% since April 26, 2016 and is uptrending. It has outperformed by 3.80% 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: “Canadian investors go global in hunt for better returns” with publication date: September 29, 2015.

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