The stock of VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) gapped down by $0.02 today and has $22.94 target or 7.00% below today’s $24.67 share price. The 8 months technical chart setup indicates high risk for the $978.12 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $22.94 price target is reached, the company will be worth $68.47 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 65,259 shares traded hands or 31.01% 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 important recent VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016, also Theglobeandmail.com published article titled: “What we’re investing in: Canada’s five most popular ETFs”, Business.Financialpost.com published: “The DIY investor’s guide to portfolio building: How to choose the right ETF” on May 22, 2015. More interesting news about VANGUARD CDN SHORT TERM CORP BD IDX ETF (TSE:VSC) was released by: Fool.ca and their article: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” with publication date: May 12, 2015.
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