Will VANGUARD CDN AGGREGATE BOND INDEX ETF Short Squeeze Soon? The Stock Just Gapped Down

 Will VANGUARD CDN AGGREGATE BOND INDEX ETF Short Squeeze Soon? The Stock Just Gapped Down

The stock of VANGUARD CDN AGGREGATE BOND INDEX ETF (TSE:VAB) gapped down by $0.12 today and has $23.11 target or 9.00% below today’s $25.40 share price. The 9 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 $23.11 price target is reached, the company will be worth $99.00M 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 104,156 shares traded hands or 57.52% up from the average. 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.

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