After Yesterday's Rally of 1.77% Shares Could Potentially Pullback
Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $17.64 to a high of $18.00. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $17.58 on volume of 4.7 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 recommended that subscribers consider buying shares of Market Vectors - Russia ETF on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.07. Since that recommendation, shares of Market Vectors - Russia ETF have risen 24.8%. We continue to monitor RSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Market Vectors - Russia ETF has traded in a range of $11.81 to $20.84 and is now at $17.94, 52% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.
Keywords: rebounders market vectors - russia etf