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Downtrend Call Working As Market Vectors - Gold Miners ETF Stock Falls 13.6% (GDX)

Written on Tue, 01/08/2013 - 11:18am
By Amy Schwartz

SmarTrend identified a Downtrend for Market Vectors - Gold Miners ETF (AMEX:GDX) on October 15th, 2012 at $51.25. In approximately 3 months, Market Vectors - Gold Miners ETF has returned 13.62% as of today's recent price of $44.26.

Over the past year, Market Vectors - Gold Miners ETF has traded in a range of $39.08 to $57.94 and is now at $44.26, 13% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.9%.

Market Vectors Gold Miners ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Amex Gold Miners Index.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Market Vectors - Gold Miners ETF.

Log in and add Market Vectors - Gold Miners ETF (GDX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights amex:gdx market vectors - gold miners etf

Ticker(s): GDX

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