SmarTrend Watching for Potential Rebound in Shares of Market Vectors Junior Gold Miners After 8.61% Loss
Market Vectors Junior Gold Miners (NASDAQ:GDXJ) traded in a range yesterday that spanned from a low of $39.59 to a high of $42.10. Yesterday, the shares fell 8.6%, which took the trading range below the 3-day low of $42.90 on volume of 10.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, shares of Market Vectors Junior Gold Miners have traded between a low of $16.87 and a high of $52.50 and are now at $39.82, which is 136% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 3.2%.
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.
Keywords: rebounders market vectors junior gold miners