SmarTrend Watching for Potential Pullback in Shares of Market Vectors - Russia ETF After 2.37% Gain
Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $17.24 to a high of $17.49. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $17.15 on volume of 4.6 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 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 21.4%. We continue to monitor RSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of Market Vectors - Russia ETF have traded between a low of $11.81 and a high of $20.84 and are now at $17.47, which is 48% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.
Keywords: rebounders market vectors - russia etf