The stock of VANGUARD FTSE DEVELOPED AC EX US IDX ETF (TSE:VDU) gapped down by $0.1 today and has $28.28 target or 6.00% below today’s $30.08 share price. The 7 months technical chart setup indicates high risk for the $276.03M company. The gap down was reported on Dec, 1 by Barchart.com. If the $28.28 price target is reached, the company will be worth $16.56 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 23,854 shares traded hands or 241.94% up from the average. VANGUARD FTSE DEVELOPED AC EX US IDX ETF (TSE:VDU) has risen 4.76% since April 29, 2016 and is uptrending. It has underperformed by 1.16% the S&P500.
More recent VANGUARD FTSE DEVELOPED AC EX US IDX ETF (TSE:VDU) news were published by: Investorplace.com which released: “What the Revamp of iShares ETFs Means for Investors” on July 07, 2015. Also Theglobeandmail.com published the news titled: “Building your TFSA? This is the simplest investment product of all time” on May 31, 2016. Theglobeandmail.com‘s news article titled: “How to invest like the Canada Pension Plan” with publication date: June 02, 2015 was also an interesting one.
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