Market Overview

SmarTrend Vindicated on Vanguard Europe Pacific ETF Downtrend Call: Stock Price Down 3.0% (VEA)

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SmarTrend identified a Downtrend for Vanguard Europe Pacific ETF (NYSE: VEA) on May 13, 2011 at $37.82. In approximately 4 weeks, Vanguard Europe Pacific ETF has returned 3% as of today's recent price of $36.70.

In the past 52 weeks, shares of Vanguard Europe Pacific ETF have traded between a low of $28.45 and a high of $39.94 and are now at $36.70, which is 29% above that low price.

Vanguard Europe Pacific ETF is currently below its 50-day moving average of $38.01 and should find support at its 200-day moving average of $36.50. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.32%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Vanguard Europe Pacific ETF.

Write to Chip Brian at cbrian@mysmartrend.com

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