The stock of VANGUARD SP 500 INDEX ETF (TSE:VFV) gapped down by $0.25 today and has $51.13 target or 3.00% below today’s $52.71 share price. The 6 months technical chart setup indicates high risk for the $919.89M company. The gap down was reported on Nov, 28 by Barchart.com. If the $51.13 price target is reached, the company will be worth $27.60 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 22,111 shares traded hands. VANGUARD SP 500 INDEX ETF (TSE:VFV) has risen 13.61% since April 22, 2016 and is uptrending. It has outperformed by 7.60% the S&P500.
Another recent and important VANGUARD SP 500 INDEX ETF (TSE:VFV) news was published by Time.com which published an article titled: “Is Vanguard 500 Index Fund Still Worth Owning?” on August 03, 2016.
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