The stock of VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) gapped down by $0.18 today and has $26.08 target or 9.00% below today’s $28.66 share price. The 9 months technical chart setup indicates high risk for the $366.92M company. The gap down was reported on Dec, 1 by Barchart.com. If the $26.08 price target is reached, the company will be worth $33.02M 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 21,647 shares traded hands or 1.26% up from the average. VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) has risen 9.02% since April 27, 2016 and is uptrending. It has outperformed by 3.09% the S&P500.
Another recent and important VANGUARD FTSE EMERGING MKTS ALL CAP IDX (TSE:VEE) news was published by Prnewswire.com which published an article titled: “Vanguard Emerging Markets Stock Index Fund Transitions to New FTSE Index” on November 01, 2015.
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