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VNQ at 50-day moving average

VNQ – the Vanguard Real Estate ETF – has been moving in a bullish low-volatility trend for about three months.

The two last sessions’ huge bearish candlesticks, however, brought price below its 10- and 20-day exponential moving average, which the last candlestick has also closed below the 50-day exponential moving average.

The breakdown caused MACD, our momentum indicator, to move below its signal line, although it still moves in positive territory.