Vanguard Emerging Markets ETF Set to Possibly Pullback After Yesterday's Rally of 1.32%
Vanguard Emerging Markets ETF (AMEX:VWO) traded in a range yesterday that spanned from a low of $34.21 to a high of $34.49. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $34.07 on volume of 23.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Vanguard Emerging Markets ETF has traded in a range of $27.98 to $44.43 and is now at $34.43, 23% above that low. 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 is tracking the current trend status for Vanguard Emerging Markets ETF and will alert subscribers who have VWO in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders amex:vwo vanguard emerging markets etf