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Market Vectors - Steel Index Fund: The Trend Continues Higher (SLX)

Written on Sun, 03/14/2010 - 11:20am
By Chip Brian

SmarTrend identified an Uptrend for Market Vectors - Steel Index Fund (AMEX:SLX) on February 16, 2010 at $59.02. In approximately 3 weeks, Market Vectors - Steel Index Fund has returned 11% as of today's recent price of $65.50.
Market Vectors - Steel Index Fund is currently above its 50-day moving average of $60.66 and above its 200-day moving average of $52.75. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Market Vectors - Steel Index Fund shares.

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