Is Vanguard Scottsdale Funds (VTHR)’s Fuel Running High? The Stock Formed Bullish Wedge Up

September 17, 2017 - By Marguerite Chambers

The stock of Vanguard Scottsdale Funds (VTHR) formed an up wedge with $121.87 target or 6.00 % above today’s $114.97 share price. The 7 months wedge indicates low risk for the $347.63M company. If the $121.87 price target is reached, the company will be worth $20.86 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.22% or $0.25 on September 15, reaching $114.97. About 4,056 shares traded. Vanguard Scottsdale Funds (NASDAQ:VTHR) has risen 17.62% since September 17, 2016 and is uptrending. It has outperformed by 0.92% the S&P500.

More news for Vanguard Scottsdale Funds (NASDAQ:VTHR) were recently published by: Fortune.com, which released: “Mutual Fund Giant Vanguard Flexes Its Muscles” on December 08, 2016. Prnewswire.com‘s article titled: “Vanguard Funds File Preliminary Proxy Statement Seeking Shareholder Election …” and published on July 13, 2017 is yet another important article.

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