Vanguard Short-Term Tax-Exempt Bond ETF Shares (VTES)

Vanguard Short-Term Tax-Exempt Bond ETF Shares is trading at $100.57, up 0.10% on the session. The 50 day average sits at $99.70 and the 200 day at $100.96, which puts the stock in a downtrend. RSI is at 72.3, which reads as overbought, and MACD is bullish crossover. Volume is below average.

The nearest support is around $99.64 with resistance near $100.96, so that band frames the current range. Average daily movement is roughly $0.26, or about 0.3% of the share price, which is what any stop placement has to allow for. The overall health score of 56 out of 100 combines a trend score of 27, momentum of 68 and a risk score of 84.

Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the bonds that make up the Target Index. The Target Index includes municipal bonds issued primarily by states, local governments, and agencies whose interest is exempt from U.S. federal income taxes and the federal alternative minimum tax (AMT). It is non-diversified.