The stock of VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) gapped down by $0.12 today and has $23.62 target or 7.00% below today’s $25.40 share price. The 6 months technical chart setup indicates high risk for the $1.10B company. The gap down was reported on Dec, 1 by Barchart.com. If the $23.62 price target is reached, the company will be worth $77.00M 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 56,338 shares traded hands. VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) has declined 1.01% since April 27, 2016 and is downtrending. It has underperformed by 6.93% the S&P500.
Another recent and important VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) news was published by Etfdailynews.com which published an article titled: “Understanding ECN Fees [VANGUARD CDN AGGREGATE BOND INDEX ETF(TSE:VAB)]” on December 24, 2014.
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