Will VANGUARD US TOTAL MARKET IDX ETF Short Squeeze Soon? The Stock Just Gapped Down

 Will VANGUARD US TOTAL MARKET IDX ETF Short Squeeze Soon? The Stock Just Gapped Down

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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