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Bullish Moving Average Cross by Vanguard Dividend Appreciation (VIG)

By Shiri Gupta

Today, shares of Vanguard Dividend Appreciation (AMEX:VIG) have advanced above their 10-day MA of $82.55 on a volume of 181K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Vanguard Dividend Appreciation has traded in a range of $47.70 to $83.22 and is now at $83.09, 74% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Vanguard Dividend Appreciation on October 22nd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.12. Since that recommendation, shares of Vanguard Dividend Appreciation have risen 5.0%. We continue to monitor VIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:vig vanguard dividend appreciation

Ticker(s): VIG