Is Major Move Coming For VANGUARD CDN SHORT TERM CORP BD IDX ETF After This Gap Down?

 Is Major Move Coming For VANGUARD CDN SHORT TERM CORP BD IDX ETF After This Gap Down?

The stock of VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) gapped down by $0.02 today and has $22.69 target or 8.00% below today’s $24.66 share price. The 7 months technical chart setup indicates high risk for the $978.12M company. The gap down was reported on Dec, 1 by Barchart.com. If the $22.69 price target is reached, the company will be worth $78.25 million 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 59,426 shares traded hands or 19.30% up from the average. VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) has declined 0.08% since April 27, 2016 and is downtrending. It has underperformed by 6.01% the S&P500.

More notable recent VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) news were published by: Theglobeandmail.com which released: “Bond ETFs confuse you? Here’s a simple guide” on December 16, 2011, also Marketwatch.com with their article: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” published on September 06, 2016, Theglobeandmail.com published: “What we’re investing in: Canada’s five most popular ETFs” on October 01, 2015. More interesting news about VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) were released by: Business.Financialpost.com and their article: “The DIY investor’s guide to portfolio building: How to choose the right ETF” published on May 22, 2015 as well as Fool.ca‘s news article titled: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” with publication date: May 12, 2015.

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