Will VANGUARD US TOTAL MARKET IDX ETF Short Squeeze Soon? The Stock Just Gapped Down

 Will VANGUARD US TOTAL MARKET IDX ETF Short Squeeze Soon? The Stock Just Gapped Down

The stock of VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) gapped down by $0.14 today and has $38.23 target or 8.00% below today’s $41.55 share price. The 5 months technical chart setup indicates high risk for the $741.59M company. The gap down was reported on Nov, 28 by Barchart.com. If the $38.23 price target is reached, the company will be worth $59.33M 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 24,540 shares traded hands. VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) has risen 16.38% since April 26, 2016 and is uptrending. It has outperformed by 10.36% the S&P500.

More important recent VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) news were published by: Fool.com which released: “5 Reasons to Buy the Vanguard Total Stock Market ETF” on June 29, 2016, also Marketwatch.com published article titled: “Why Vanguard Total Stock Market isn’t the best fund in the fleet”, Marketwatch.com published: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016. More interesting news about VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) was released by: Time.com and their article: “MONEY 50: The World’s Best Mutual Funds and ETFs” with publication date: January 04, 2016.

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