Vanguard Emerging Markets ETF Set to Possibly Rebound After Yesterday's Selloff of 1.23%
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.
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 $37.82, 35% 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 5.9%. 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