SmarTrend Watching for Potential Pullback in Shares of Vanguard FTSE All-World ex-US ETF After 1.35% Gain
Vanguard FTSE All-World ex-US ETF (NYSE:VEU) traded in a range yesterday that spanned from a low of $44.81 to a high of $45.00. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $44.80 on volume of 1.4 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 FTSE All-World ex-US ETF on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.97. Since that recommendation, shares of Vanguard FTSE All-World ex-US ETF have risen 3.3%. We continue to monitor VEU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Vanguard FTSE All-World ex-US ETF has traded in a range of $37.80 to $52.11 and is now at $44.99, 19% above that low. The 200-day and 50-day moving averages have moved 0.26% lower and 0.63% higher over the past week, respectively.
Keywords: rebounders vanguard ftse all-world ex-us etf