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Watch for Vanguard FTSE All-World ex-US ETF to Potentially Pullback After Gaining 1.35% Yesterday

By David Diaz

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.

In the past 52 weeks, shares of Vanguard FTSE All-World ex-US ETF have traded between a low of $37.80 and a high of $52.11 and are now at $44.99, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

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.

Keywords: rebounders vanguard ftse all-world ex-us etf

Ticker(s): VEU