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SmarTrend Watching for Potential Rebound in Shares of Market Vectors - Russia ETF After 1.88% Loss

By David Diaz

Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $18.48 to a high of $18.71. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $18.52 on volume of 6.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Market Vectors - Russia ETF share prices have moved between a 52-week high of $22.18 and a 52-week low of $11.81 and are now trading 57% above that low price at $18.51 per share. The 200-day and 50-day moving averages have moved 0.12% lower and 1.35% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Market Vectors - Russia ETF on June 1st, 2017 by issuing a Downtrend alert when the shares were trading at $19.65. Since that call, shares of Market Vectors - Russia ETF have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders market vectors - russia etf

Ticker(s): RSX