Apr 30, 2013 (SmarTrend(R) News Watch via COMTEX) -- Vanguard REIT ETF (AMEX:VNQ) traded in a range yesterday that spanned from a low of $74.37 to a high of $75.29. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $74.47 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Vanguard REIT ETF have traded between a low of $60.14 and a high of $75.29 and are now at $75.28, which is 25% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.
SmarTrend recommended that subscribers consider buying shares of Vanguard REIT ETF on December 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.57. Since that recommendation, shares of Vanguard REIT ETF have risen 15.2%. We continue to monitor VNQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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