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Look for Shares of Market Vectors - Russia ETF to Potentially Pullback after Yesterday's 1.44% Rise

By Nick Russo

Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $18.93 to a high of $19.13. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $19.05 on volume of 2.4 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 - Russia ETF share prices have moved between a 52-week high of $20.84 and a 52-week low of $11.81 and are now trading 62% above that low price at $19.08 per share. The 200-day and 50-day moving averages have moved 0.12% lower and 1.35% higher over the past week, respectively.

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 33.7%. We continue to monitor RSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders market vectors - russia etf

Ticker(s): RSX