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SmarTrend Watching for Potential Pullback in Shares of Market Vectors - Russia ETF After 1.00% Gain

By Nick Russo

Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $20.91 to a high of $21.16. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $21.08 on volume of 3.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Market Vectors - Russia ETF have traded between a low of $11.81 and a high of $22.18 and are now at $21.14, which is 79% above that low price. The 200-day and 50-day moving averages have moved 0.12% lower and 1.35% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Market Vectors - Russia ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Market Vectors - Russia ETF in search of a potential trend change.

Keywords: rebounders market vectors - russia etf

Ticker(s): RSX