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VEU Has All the Right Stuff

by Sam Collins 08/25/09

Vanguard FTSE All-World ex-US ETF (VEU) -- This ETF seeks to track the performance of the FTSE All-World ex-US Index, which is made up of approximately 2,200 stocks of companies located in 46 countries.

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Sometimes we see a chart that technically seems to have it all, and this is one.

Note the very bullish cup-and-handle followed by a gold cross, which is executed at the beginning of a bull channel and accompanied by very high buying volume.

The stochastic just issued a buy signal, so it is possible for VEU to break above the bull channel with a target of $54.

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