The stock of VANGUARD FTSE DEV ALL CAP NA IDX (TSE:VIU) gapped down by $0.08 today and has $22.99 target or 3.00% below today’s $23.70 share price. The 5 months technical chart setup indicates high risk for the $124.70 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $22.99 price target is reached, the company will be worth $3.74M 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 12,066 shares traded hands or 50.04% up from the average. VANGUARD FTSE DEV ALL CAP NA IDX (TSE:VIU) has risen 2.48% since April 27, 2016 and is uptrending. It has underperformed by 3.45% the S&P500.
More recent VANGUARD FTSE DEV ALL CAP NA IDX (TSE:VIU) news were published by: Etfdailynews.com which released: “A Closer Look Inside Vanguard Canada’s New ETFs” on August 16, 2013. Also Theglobeandmail.com published the news titled: “Eye on Shorts: What bearish investors are betting against” on July 20, 2016. Zacks.com‘s news article titled: “Direxion Debuts Leveraged Europe ETFs” with publication date: January 31, 2014 was also an interesting one.
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