Market Overview

SmarTrend Detects Potential Break Out In Shares of Vanguard Financials ETF (VFH)

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(via COMTEX News Network)--

Shares of Vanguard Financials ETF (NYSE: VFH) traded at a new 52-week high today of $35.21. Approximately 130,000 shares have traded hands today vs. average 30-day volume of 207,000 shares.

Vanguard Financials ETF is currently trading at $35.21, approximately 5% above its 50-day moving average of $33.52. SmarTrend will be monitoring shares of VFH to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.89% while the 200-day MA has remained constant.

In the past 52 weeks, shares of Vanguard Financials ETF have traded between a low of $13.02 and a high of $35.20 and are now at $35.13, which is 170% above that low price.

SmarTrend currently has shares of Vanguard Financials ETF in an Uptrend and issued the Uptrend alert on May 07, 2010 at $31.05. The stock has risen 13.2% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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