SmarTrend Watching for Potential Rebound in Shares of Vanguard Emerging Markets ETF After 1.73% Loss
Vanguard Emerging Markets ETF (AMEX:VWO) traded in a range yesterday that spanned from a low of $37.47 to a high of $37.72. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $37.63 on volume of 13.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
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 5.5%. We continue to monitor VWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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 $37.52, 34% above that low price. The 200-day and 50-day moving averages have moved 0.36% lower and 0.70% higher over the past week, respectively.
Keywords: rebounders amex:vwo vanguard emerging markets etf