Vanguard Long-Term Tax-Exempt Bond ETF Shares (ASUR) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

ASUR formed a hammer candlestick, indicating it found technical support after recent losses and raising the prospect of a near-term trend reversal. Concurrent upward revisions in earnings estimates add a cautiously bullish signal for the ETF, though the development is primarily technical and short-term in nature.

Analysis

ASUR formed a hammer candlestick, indicating it found technical support after recent losses and raising the prospect of a near-term trend reversal. Concurrent upward revisions in earnings estimates add a cautiously bullish signal for the ETF, though the development is primarily technical and short-term in nature.