Market Vectors Junior Gold Miners Bearish Moving Average Crossover Alert (GDXJ)
Market Vectors Junior Gold Miners (NASDAQ:GDXJ) crossed under its 10-day moving average of $50.75 on a volume of 2.7 million shares. Swing traders may find 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 Junior Gold Miners share prices have been bracketed by a low of $16.87 and a high of $52.50 and are now at $50.03, 197% above that low price. The 200-day and 50-day moving averages have moved 1.43% higher and 3.17% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Market Vectors Junior Gold Miners on July 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.71. Since that recommendation, shares of Market Vectors Junior Gold Miners have risen 3.2%. We continue to monitor GDXJ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses market vectors junior gold miners