Market Vectors Junior Gold Miners Bullish Moving Average Crossover Alert (GDXJ)
Today, shares of Market Vectors Junior Gold Miners (NASDAQ:GDXJ) have advanced above their 10-day MA of $35.65 on a volume of 2.3 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 Junior Gold Miners has traded in a range of $16.87 to $38.96 and is now at $35.91, 113% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has risen 1.1%.
SmarTrend recommended that subscribers consider buying shares of Market Vectors Junior Gold Miners on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.45. Since that recommendation, shares of Market Vectors Junior Gold Miners have risen 77.9%. 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