What’s Propelling Vanguard Intmdt-Term Trs ETF (VGIT) to Decrease? The Stock Formed a Double Bottom Pattern

April 17, 2018 - By wolcottdaily

The chart of Vanguard Intmdt-Term Trs ETF (VGIT) shows a double bottom with $58.88 target or 6.00 % below today’s $62.64 share price. The 8 months chart pattern indicates high risk for the $2.98 billion company. It was reported on Apr, 17 by Finviz.com. If the $58.88 price target is reached, the company will be worth $178.80 million less. Double bottoms are rare but powerful chart patterns.

It closed at $62.64 lastly. It is down 2.18% since April 17, 2017 and is downtrending. It has underperformed by 13.73% the S&P500.

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