SmarTrend Watching for Potential Rebound in Shares of Market Vectors - Russia ETF After 1.47% Loss
Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $18.08 to a high of $18.26. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $18.25 on volume of 3.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
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 30.5%. 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 $18.08, which is 53% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.
Keywords: rebounders market vectors - russia etf