The stock of VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) gapped down by $0.16 today and has $38.25 target or 7.00% below today’s $41.13 share price. The 5 months technical chart setup indicates high risk for the $723.16 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $38.25 price target is reached, the company will be worth $50.62 million 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 11,553 shares traded hands. VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) has risen 15.63% since April 29, 2016 and is uptrending. It has outperformed by 9.70% the S&P500.
More recent VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) news were published by: Fool.com which released: “5 Reasons to Buy the Vanguard Total Stock Market ETF” on June 29, 2016. Also Marketwatch.com published the news titled: “Why Vanguard Total Stock Market isn’t the best fund in the fleet” on December 03, 2014. Marketwatch.com‘s news article titled: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” with publication date: September 06, 2016 was also an interesting one.
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