Bearish Moving Average Cross by Market Vectors Junior Gold Miners (GDXJ)
Market Vectors Junior Gold Miners (NASDAQ:GDXJ) shares have crossed bearishly below their 10-day moving average of $45.71 on a volume of 2.8 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Market Vectors Junior Gold Miners have traded between a low of $16.87 and a high of $52.50 and are now at $45.56, which is 170% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 3.2%.
SmarTrend is monitoring the recent change of momentum in Market Vectors Junior Gold Miners. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Market Vectors Junior Gold Miners in search of a potential trend change.
Keywords: moving crosses market vectors junior gold miners