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Look for Shares of Market Vectors - Russia ETF to Potentially Pullback after Yesterday's 2.00% Rise

By David Diaz

Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $20.71 to a high of $20.87. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $20.73 on volume of 3.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $20.84, 76% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

Keywords: rebounders market vectors - russia etf

Ticker(s): RSX