Vanguard Long-Term Corporate Bd ETF (VCLT) Forms Bearish Double Bottom; Strong Momentum for Sellers

September 8, 2018 - By Vernon Prom

The chart of Vanguard Long-Term Corporate Bd ETF (VCLT) shows a double bottom with $83.22 target or 5.00 % below today’s $87.60 share price. The 7 months chart pattern indicates high risk for the $3.48 billion company. It was reported on Sep, 8 by Finviz.com. If the $83.22 price target is reached, the company will be worth $174.00M less. Double bottoms are rare but powerful chart patterns.

The ETF decreased 0.56% or $0.49 during the last trading session, reaching $87.6. About 124,576 shares traded. Vanguard Long-Term Corporate Bd ETF (NASDAQ:VCLT) has declined 3.26% since September 8, 2017 and is downtrending. It has underperformed by 15.83% the S&P500.

Another recent and important Vanguard Long-Term Corporate Bd ETF (NASDAQ:VCLT) news was published by Seekingalpha.com which published an article titled: “Vanguard declares monthly distribution on ETFs” on August 31, 2018.

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