Bearish Moving Average Cross by Vanguard REIT ETF (VNQ)
Today, shares of Vanguard REIT ETF (AMEX:VNQ) have fallen below their 10-day MA of $68.57 on a volume of 331K 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 REIT ETF share prices have moved between a 52-week high of $69.33 and a 52-week low of $60.14 and are now trading 14% above that low price at $68.29 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.
SmarTrend recommended that subscribers consider buying shares of Vanguard REIT ETF on December 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.57. Since that recommendation, shares of Vanguard REIT ETF have risen 6.4%. We continue to monitor VNQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:vnq vanguard reit etf
Ticker(s): VNQ