Bearish Moving Average Cross by Vanguard European ETF (VGK)
Today, shares of Vanguard European ETF (AMEX:VGK) have fallen below their 10-day MA of $56.59 on a volume of 1.5 million shares. Swing traders may find an opportunity 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 $49.81 to $61.47 and is now at $56.26, 13% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 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