The stock of VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) gapped down by $0.01 today and has $28.28 target or 3.00% below today’s $29.15 share price. The 7 months technical chart setup indicates high risk for the $366.33 million company. The gap down was reported on Nov, 28 by Barchart.com. If the $28.28 price target is reached, the company will be worth $10.99M 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 26,555 shares traded hands or 18.57% up from the average. VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) has risen 9.93% since April 22, 2016 and is uptrending. It has outperformed by 3.92% the S&P500.
More recent VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) news were published by: Prnewswire.com which released: “Vanguard Emerging Markets Stock Index Fund Transitions to New FTSE Index” on November 01, 2015. Also Streetinsider.com published the news titled: “Form 497K VANGUARD INTERNATIONAL” on November 28, 2016. Prnewswire.com‘s news article titled: “Four Vanguard International Equity Index Funds To Broaden Diversification With …” with publication date: June 02, 2015 was also an interesting one.