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Bearish Moving Average Cross by Vanguard Dividend Appreciation (VIG)

By Amy Schwartz

Vanguard Dividend Appreciation (AMEX:VIG) shares have crossed bearishly below their 10-day moving average of $85.44 on a volume of 145K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Vanguard Dividend Appreciation share prices have moved between a 52-week high of $85.91 and a 52-week low of $47.70 and are now trading 78% above that low price at $85.10 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Vanguard Dividend Appreciation on October 22nd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.12. Since that recommendation, shares of Vanguard Dividend Appreciation have risen 9.6%. We continue to monitor VIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:vig vanguard dividend appreciation

Ticker(s): VIG