The stock of Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) gapped down by $0.05 today and has $27.66 target or 9.00% below today’s $30.40 share price. The 9 months technical chart setup indicates high risk for the $490.98 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $27.66 price target is reached, the company will be worth $44.19M 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 23,212 shares traded hands or 2.04% up from the average. Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) has risen 11.09% since April 29, 2016 and is uptrending. It has outperformed by 5.16% the S&P500.
More important recent Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) news were published by: Theglobeandmail.com which released: “Three top ETF picks from BBSL’s John DeGoey” on November 06, 2014, also Theglobeandmail.com published article titled: “Vanguard adds Chinese equities to its emerging markets ETF”, Fool.ca published: “How to Overweight Your Portfolio for an Oil Comeback (and Avoid Gambler’s Ruin)” on March 05, 2015. More interesting news about Vanguard FTSE All-World Ex Canada Index ETF (TSE:VXC) was released by: Theglobeandmail.com and their article: “Three top picks from BBSL’s John DeGoey” with publication date: August 17, 2015.
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