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SmarTrend Watching for Potential Pullback in Shares of Vanguard Emerging Markets ETF After 1.60% Gain

By Amy Schwartz

Vanguard Emerging Markets ETF (AMEX:VWO) traded in a range yesterday that spanned from a low of $38.46 to a high of $38.75. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $38.13 on volume of 8.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Vanguard Emerging Markets ETF share prices have been bracketed by a low of $27.98 and a high of $44.43 and are now at $38.73, 38% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Vanguard Emerging Markets ETF on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.22. Since that recommendation, shares of Vanguard Emerging Markets ETF have risen 5.2%. We continue to monitor VWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders amex:vwo vanguard emerging markets etf

Ticker(s): VWO