Market Overview

Trading Higher on Heavy Volume are Shares of Vanguard Europe Pacific ETF on 1.1x Above-Average Volume (VEA)

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(via COMTEX News Network)--

Shares of Vanguard Europe Pacific ETF (NYSE: VEA) are trading up 1.1% to $38.17 today on above average volume. Approximately 2.6 million shares have traded hands today vs. average 30-day volume of 2.3 million shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of VEA to see if this bullish momentum will continue.

SmarTrend currently has shares of Vanguard Europe Pacific ETF in an Uptrend and issued the Uptrend alert on March 24, 2011 at $37.11. The stock has risen 1.7% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.38%.

In the past 52 weeks, shares of Vanguard Europe Pacific ETF have traded between a low of $26.98 and a high of $38.50 and are now at $38.13, which is 41% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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