How Analysts Feel About VANGUARD SP 500 INDEX ETF After Today’s Gap Down?

 How Analysts Feel About VANGUARD SP 500 INDEX ETF After Today's Gap Down?

The stock of VANGUARD SP 500 INDEX ETF (TSE:VFV) gapped down by $0.14 today and has $47.41 target or 9.00% below today’s $52.10 share price. The 8 months technical chart setup indicates high risk for the $914.35M company. The gap down was reported on Dec, 1 by If the $47.41 price target is reached, the company will be worth $82.29M 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 16,709 shares traded hands. VANGUARD SP 500 INDEX ETF (TSE:VFV) has risen 12.23% since April 27, 2016 and is uptrending. It has outperformed by 6.31% the S&P500.

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