Traders Are Bearish VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF After Today’s Gap Down

 Traders Are Bearish VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF After Today's Gap Down

The stock of VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) gapped down by $0.05 today and has $29.69 target or 8.00% below today’s $32.27 share price. The 8 months technical chart setup indicates high risk for the $302.34 million company. The gap down was reported on Nov, 28 by Barchart.com. If the $29.69 price target is reached, the company will be worth $24.19 million 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 13,440 shares traded hands. VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) has risen 10.88% since April 22, 2016 and is uptrending. It has outperformed by 4.87% the S&P500.

More notable recent VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) news were published by: Theglobeandmail.com which released: “Five things your dividend ETF isn’t telling you” on July 08, 2014, also Business.Financialpost.com with their article: “Jonathan Chevreau: Why dividend funds are a smart financial move” published on July 14, 2015, Theglobeandmail.com published: “The Great Canadian Dividend Fund Smackdown: Find a winner that works for you” on November 25, 2016. More interesting news about VANGUARD FTSE CDN HIGH DIV YLD INDEX ETF (TSE:VDY) were released by: Fool.ca and their article: “Should You Invest in a Dividend ETF or its Top Holdings?” published on February 29, 2016 as well as Theglobeandmail.com‘s news article titled: “Exotic dividend ETFs can fall short of the hype” with publication date: October 26, 2012.

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