VANGUARD US AGG BOND INDEX ETF CAD’s Trend Down, Especially After Today’s Gap Down

 VANGUARD US AGG BOND INDEX ETF CAD's Trend Down, Especially After Today's Gap Down

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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