Could Vanguard Long-Term Corporate Bd ETF (VCLT) Recover After Forming a Bearish Multiple Bottom Chart Pattern?

October 2, 2018 - By olga

The stock of Vanguard Long-Term Corporate Bd ETF (VCLT) shows a multiple bottoms pattern with $80.44 target or 8.00 % below today’s $87.44 share price. The 6 months chart pattern indicates high risk for the $3.48B company. It was reported on Oct, 2 by Finviz.com. If the $80.44 price target is reached, the company will be worth $278.40M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The ETF decreased 0.26% or $0.23 during the last trading session, reaching $87.44. About 95,605 shares traded. Vanguard Long-Term Corporate Bd ETF (NASDAQ:VCLT) has declined 5.71% since October 2, 2017 and is downtrending. It has underperformed by 21.33% 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 September 28, 2018.

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