Watch for Market Vectors - Russia ETF to Potentially Pullback After Gaining 1.48% Yesterday
Market Vectors - Russia ETF (NYSE:RSX) traded in a range yesterday that spanned from a low of $18.62 to a high of $18.81. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $18.61 on volume of 5.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Market Vectors - Russia ETF share prices have been bracketed by a low of $11.81 and a high of $20.84 and are now at $18.78, 59% 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%.
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 31.7%. We continue to monitor RSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders market vectors - russia etf