SmarTrend Watching for Potential Rebound in Shares of Vanguard Emerging Markets ETF After 1.23% Loss
Vanguard Emerging Markets ETF (AMEX:VWO) traded in a range yesterday that spanned from a low of $37.79 to a high of $38.00. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $37.86 on volume of 8.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Over the past year, Vanguard Emerging Markets ETF has traded in a range of $27.98 to $44.43 and is now at $37.82, 35% above that low. The 200-day and 50-day moving averages have moved 0.36% lower and 0.70% higher over the past week, respectively.
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 5.9%. 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