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After Yesterday's Rally of 1.35% Shares Could Potentially Pullback

By James Quinn

Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $20.11 to a high of $20.38. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $20.32 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Market Vectors - Russia ETF and will alert subscribers who have RSX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Market Vectors - Russia ETF share prices have been bracketed by a low of $11.81 and a high of $22.18 and are now at $20.32, 72% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

Keywords: rebounders market vectors - russia etf

Ticker(s): RSX