The stock of VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) gapped up by $0.25 today and has $33.40 target or 9.00% above today’s $30.64 share price. The 7 months technical chart setup indicates low risk for the $622.64 million company. The gap was reported on Nov, 30 by Barchart.com. If the $33.40 price target is reached, the company will be worth $56.04 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 16,203 shares traded hands. VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) has risen 8.61% since April 28, 2016 and is uptrending. It has outperformed by 3.38% the S&P500.
More notable recent VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) news were published by: Theglobeandmail.com which released: “How to assess five new Vanguard ETFs” on August 13, 2013, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on September 06, 2016, Fool.ca published: “Royal Bank of Canada: It’s Part of the Ultimate All-Cap Financial Portfolio” on November 24, 2016. More interesting news about VANGUARD FTSE CANADA ALL CAP IDX ETF (TSE:VCN) were released by: Etfdailynews.com and their article: “A Closer Look Inside Vanguard Canada’s New ETFs” published on August 16, 2013 as well as Theglobeandmail.com‘s news article titled: “40 things you can stop doing right now to save money” with publication date: November 25, 2016.
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