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Bearish Moving Average Cross by Market Vectors - Russia ETF (RSX)

By Shiri Gupta

Today, shares of Market Vectors - Russia ETF (NYSE:RSX) have fallen below their 10-day MA of $18.61 on a volume of 1.8 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, Market Vectors - Russia ETF share prices have been bracketed by a low of $11.81 and a high of $20.84 and are now at $18.32, 55% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Market Vectors - Russia ETF on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.07. Since that recommendation, shares of Market Vectors - Russia ETF have risen 33.2%. We continue to monitor RSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses market vectors - russia etf

Ticker(s): RSX