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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