Investing Article

Vanguard I.T. Fund Jumps To Fresh 52-Week Highs

01/20/2017 - 11:24am By: ETF DAILY NEWS

Will this ETF continue its string of recent gains? Let’s take a closer look at the tech-focused fund, its recent wins, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.
As mentioned earlier, VGT has now gained 35.44% from its 52-week low, which was hit back on February 8, 2016. The fund has now returned 1.88% over the past month, 5.25% over the past three months, and 11.56% in the past six months. Those returns compare to the benchmark S&P 500 index’s 0.56%, 6.72%, and 5.65% returns in the same periods, respectively. Clearly, tech-focused funds are now outperforming the wider markets by a wide margin.
VGT also currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests...

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