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Bearish Moving Average Cross by Vanguard European ETF (VGK)

By James Quinn

Vanguard European ETF (AMEX:VGK) crossed under its 10-day moving average of $53.67 on a volume of 1.0 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.

In the past 52 weeks, Vanguard European ETF share prices have been bracketed by a low of $49.81 and a high of $61.89 and are now at $53.50, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Vanguard European ETF and will alert subscribers who have VGK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:vgk vanguard european etf

Ticker(s): VGK