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Market Vectors Junior Gold Miners Set to Possibly Pullback After Yesterday's Rally of 1.66%

By Amy Schwartz

Market Vectors Junior Gold Miners (NASDAQ:GDXJ) traded in a range yesterday that spanned from a low of $36.86 to a high of $37.72. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $37.54 on volume of 9.3 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 Junior Gold Miners and will alert subscribers who have GDXJ in their portfolio or watchlist when shares have changed trend direction.

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 122% above that low price at $37.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.2% while the 200-day MA has risen 1.4%.

Keywords: rebounders market vectors junior gold miners

Ticker(s): GDXJ