The stock of VANGUARD FTSE DEV EUROPE ETF CAD HDG (TSE:VEH) gapped down by $0.27 today and has $22.71 target or 8.00% below today’s $24.68 share price. The 6 months technical chart setup indicates high risk for the $1.87M company. The gap down was reported on Nov, 29 by Barchart.com. If the $22.71 price target is reached, the company will be worth $149,600 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 15,200 shares traded hands or 1570.33% up from the average. VANGUARD FTSE DEV EUROPE ETF CAD HDG (TSE:VEH) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.
Another recent and important VANGUARD FTSE DEV EUROPE ETF CAD HDG (TSE:VEH) news was published by Etfdailynews.com which published an article titled: “A Closer Look Inside Vanguard Canada’s New ETFs” on August 16, 2013.
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