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SmarTrend Watching for Potential Rebound in Shares of Market Vectors Junior Gold Miners After 2.56% Loss

By James Quinn

Market Vectors Junior Gold Miners (NASDAQ:GDXJ) traded in a range yesterday that spanned from a low of $43.26 to a high of $44.59. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $44.72 on volume of 5.5 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, Market Vectors Junior Gold Miners share prices have been bracketed by a low of $16.87 and a high of $52.50 and are now at $43.67, 159% above that low price. The 200-day and 50-day moving averages have moved 1.43% higher and 3.17% higher over the past week, respectively.

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

Ticker(s): GDXJ