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Bullish Moving Average Cross by Market Vectors Junior Gold Miners (GDXJ)

By Amy Schwartz

Market Vectors Junior Gold Miners (NASDAQ:GDXJ) shares have crossed bullishly above their 10-day moving average of $36.63 on a volume of 4.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Market Vectors Junior Gold Miners share prices have moved between a 52-week high of $52.50 and a 52-week low of $16.87 and are now trading 119% above that low price at $36.87 per share. 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

Ticker(s): GDXJ