SmarTrend identified a Downtrend for Market Vectors Junior Gold Miners (NASDAQ:GDXJ) on October 23rd, 2012 at $23.41. In approximately 3 months, Market Vectors Junior Gold Miners has returned 15.04% as of today's recent price of $19.89.

Market Vectors Junior Gold Miners share prices have moved between a 52-week high of $42.97 and a 52-week low of $17.37 and are now trading 15% above that low price at $19.98 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.4%.

Market Vectors Junior Gold Miners ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Fund's benchmark 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 Junior Gold Miners.

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