Market Overview

Volume Spike Detected in Shares of Vanguard European ETF as They Move Lower on 1.1x Above-Average Volume (VGK)

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(via COMTEX News Network)--

Shares of Vanguard European ETF (AMEX: VGK) are trading down 0% to $50.65 today on above average volume. Approximately 3 million shares have traded hands today vs. average 30-day volume of 1.5 million shares.

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

SmarTrend is monitoring the recent change of momentum in Vanguard European ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vanguard European ETF in search of a potential trend change.

In the last five trading sessions, the 50-day MA has fallen 0.81% while the 200-day MA has remained constant.

In the past 52 weeks, shares of Vanguard European ETF have traded between a low of $42.76 and a high of $56.69 and are now at $50.95, which is 19% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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