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After Yesterday's Rally of 2.43% Shares Could Potentially Pullback

By Nick Russo

Market Vectors Junior Gold Miners (NASDAQ:GDXJ) traded in a range yesterday that spanned from a low of $33.58 to a high of $34.17. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $33.28 on volume of 8.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Market Vectors Junior Gold Miners share prices have moved between a 52-week high of $52.50 and a 52-week low of $16.87 and are now trading 100% above that low price at $33.80 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 3.2%.

SmarTrend is tracking the current trend status for Market Vectors Junior Gold Miners and will alert subscribers who have GDXJ in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders market vectors junior gold miners

Ticker(s): GDXJ