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Vanguard Materials ETF: The Trend Continues Up (VAW)

Written on Sun, 03/14/2010 - 11:40am
By Chip Brian

SmarTrend identified an Uptrend for Vanguard Materials ETF (AMEX:VAW) on February 17, 2010 at $65.83. In approximately 3 weeks, Vanguard Materials ETF has returned 5.8% as of today's recent price of $69.67.
Vanguard Materials ETF is currently above its 50-day moving average of $66.84 and above its 200-day moving average of $62.02. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Vanguard Materials ETF shares.

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