The stock of VANGUARD US AGG BOND INDEX ETF CAD (TSE:VBU) gapped down by $0.08 today and has $23.26 target or 6.00% below today’s $24.74 share price. The 7 months technical chart setup indicates high risk for the $73.77 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $23.26 price target is reached, the company will be worth $4.43M 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 55,261 shares traded hands or 522.59% up from the average. VANGUARD US AGG BOND INDEX ETF CAD (TSE:VBU) has declined 1.93% since April 27, 2016 and is downtrending. It has underperformed by 7.86% the S&P500.
More recent VANGUARD US AGG BOND INDEX ETF CAD (TSE:VBU) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016. Also Theglobeandmail.com published the news titled: “How to assess five new Vanguard ETFs” on August 13, 2013. Business.Financialpost.com‘s news article titled: “5 mistakes ETF investors make” with publication date: May 30, 2014 was also an interesting one.
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