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Bearish Moving Average Cross by Vanguard Growth ETF (VUG)

By Shiri Gupta

Today, shares of Vanguard Growth ETF (AMEX:VUG) have crossed bearishly below their 10-day moving average of $88.36 on a volume of 133K 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.

Vanguard Growth ETF share prices have moved between a 52-week high of $89.16 and a 52-week low of $67.37 and are now trading 31% above that low price at $88.23 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Vanguard Growth ETF on October 16th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.97. Since that recommendation, shares of Vanguard Growth ETF have risen 3.0%. We continue to monitor VUG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:vug vanguard growth etf

Ticker(s): VUG