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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