What’s Vanguard Short-Term Corporate Bond ETF (VCSH) Downside After Forming Ascending Triangle Chart Pattern?

October 2, 2018 - By Peter Erickson

The stock of Vanguard Short-Term Corporate Bond ETF (VCSH) formed an ascending triangle with $71.78 target or 8.00 % below today’s $78.02 share price. The 8 months triangle pattern indicates high risk for the $26.74 billion company. If the $71.78 price target is reached, the company will be worth $2.14 billion less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The ETF increased 0.04% or $0.03 during the last trading session, reaching $78.02. About 1.33 million shares traded or 0.30% up from the average. Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) has declined 2.54% since October 2, 2017 and is downtrending. It has underperformed by 18.16% the S&P500.

More news for Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) were recently published by: Seekingalpha.com, which released: “Vanguard declares monthly distribution on ETFs” on September 28, 2018. Investorplace.com‘s article titled: “7 Best ETFs for Investors Nearing Retirement” and published on September 19, 2018 is yet another important article.

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