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Bearish Moving Average Cross by Vanguard European ETF (VGK)

By David Diaz

Vanguard European ETF (AMEX:VGK) shares have crossed bearishly below their 10-day moving average of $46.45 on a volume of 1.4 million 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.

Over the past year, Vanguard European ETF has traded in a range of $42.73 to $58.51 and is now at $45.60, 7% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Vanguard European ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vanguard European ETF in search of a potential trend change.

Keywords: moving crosses amex:vgk vanguard european etf

Ticker(s): VGK