The stock of VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) gapped down by $0.16 today and has $39.72 target or 3.00% below today’s $40.95 share price. The 8 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 $39.72 price target is reached, the company will be worth $21.69 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 23,696 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.
Another recent and important VANGUARD US TOTAL MARKET IDX ETF (TSE:VUN) news was published by Fool.com which published an article titled: “5 Reasons to Buy the Vanguard Total Stock Market ETF” on June 29, 2016.
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