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Market Vectors Junior Gold Miners Crosses Above its 10-day MA (GDXJ)

By Nick Russo

Market Vectors Junior Gold Miners (NASDAQ:GDXJ) crossed over its 10-day moving average of $37.48 on a volume of 2.5 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.

Over the past year, Market Vectors Junior Gold Miners has traded in a range of $28.82 to $87.64 and is now at $37.65, 31% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.2%.

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