After Yesterday's Rally of 1.16% Shares Could Potentially Pullback
Vanguard MSCI EAFE ETF (NYSE:VEA) traded in a range yesterday that spanned from a low of $37.83 to a high of $38.04. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $37.49 on volume of 2.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of Vanguard MSCI EAFE ETF on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.09. Since that recommendation, shares of Vanguard MSCI EAFE ETF have risen 3.7%. We continue to monitor VEA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Vanguard MSCI EAFE ETF share prices have moved between a 52-week high of $42.51 and a 52-week low of $31.95 and are now trading 19% above that low price at $37.87 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.
Keywords: rebounders vanguard msci eafe etf