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Market Vectors - Gold Miners ETF Bullish Moving Average Crossover Alert (GDX)

By Amy Schwartz

Market Vectors - Gold Miners ETF (AMEX:GDX) crossed over its 10-day moving average of $23.15 on a volume of 37.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Market Vectors - Gold Miners ETF has traded in a range of $12.40 to $26.17 and is now at $24.84, 100% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 2.2%.

SmarTrend is monitoring the recent change of momentum in Market Vectors - Gold Miners ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Market Vectors - Gold Miners ETF in search of a potential trend change.

Keywords: moving crosses amex:gdx market vectors - gold miners etf

Ticker(s): GDX