Traders Are Bearish VANGUARD FTSE DEV ALL CAP NA IDX After Today’s Gap Down

 Traders Are Bearish VANGUARD FTSE DEV ALL CAP NA IDX After Today's Gap Down

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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