Bearish Chart Formation for Vanguard Mortgage-Backed Secs ETF (VMBS) After Forming Bearish Double Bottom

October 2, 2018 - By Marie Mckinney

The chart of Vanguard Mortgage-Backed Secs ETF (VMBS) shows a double bottom with $47.77 target or 6.00 % below today’s $50.82 share price. The 6 months chart pattern indicates high risk for the $7.99 billion company. It was reported on Oct, 2 by Finviz.com. If the $47.77 price target is reached, the company will be worth $479.40 million less. Double bottoms are rare but powerful chart patterns.

The ETF decreased 0.12% or $0.06 during the last trading session, reaching $50.82. About 539,776 shares traded. Vanguard Mortgage-Backed Secs ETF (NASDAQ:VMBS) has declined 3.46% since October 2, 2017 and is downtrending. It has underperformed by 19.08% the S&P500.

Another recent and important Vanguard Mortgage-Backed Secs ETF (NASDAQ:VMBS) news was published by Seekingalpha.com which published an article titled: “Vanguard declares monthly distribution on ETFs” on September 28, 2018.

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