Is Selling Vanguard Sht Term Govt Bond ETF (VGSH) Here a Winning Strategy? The Stock Formed Double Bottom Pattern

June 19, 2017 - By Vivian Park

The chart of Vanguard Sht Term Govt Bond ETF (VGSH) shows a double bottom with $55.93 target or 8.00 % below today’s $60.79 share price. The 5 months chart pattern indicates high risk for the $1.47 billion company. It was reported on Jun, 19 by Finviz.com. If the $55.93 price target is reached, the company will be worth $117.60 million less. Double bottoms are rare but powerful chart patterns.

It closed at $60.79 lastly. It is down 0.34% since June 19, 2016 and is downtrending. It has underperformed by 17.04% the S&P500.

More notable recent Vanguard Sht Term Govt Bond ETF (NASDAQ:VGSH) news were published by: Cnbc.com which released: “The best bond investing options for retirees seeking income and safety” on March 07, 2017, also Nasdaq.com with their article: “Cambridge Associates Llc Buys Vanguard Short-Term Corporate Bond ETF, SPDR …” published on May 12, 2017, Seekingalpha.com published: “Vanguard Short-Term Bond ETF Remains Excellent” on April 21, 2016. More interesting news about Vanguard Sht Term Govt Bond ETF (NASDAQ:VGSH) were released by: Theglobeandmail.com and their article: “US fund giant Vanguard rolls out four new Canadian bond ETFs” published on February 07, 2017 as well as Etftrends.com‘s news article titled: “Short-Term Treasury Bond ETFs Begin to Outperform” with publication date: September 14, 2016.

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