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Bearish Moving Average Cross by Vanguard European ETF (VGK)

By James Quinn

Today, shares of Vanguard European ETF (AMEX:VGK) have crossed bearishly below their 10-day moving average of $50.20 on a volume of 2.6 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Vanguard European ETF have traded between a low of $47.95 and a high of $58.51 and are now at $50.06, which is 4% 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 0.2%.

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