SmarTrend Detects Potential Break Out In Shares of Market Vectors Indonesia Index ETF (IDX)

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(via COMTEX News Network)--

Shares of Market Vectors Indonesia Index ETF IDX traded at a new 52-week high today of $34.99. Approximately 415,000 shares have traded hands today vs. average 30-day volume of 481,000 shares.

Market Vectors Indonesia Index ETF is currently trading at $34.42, approximately 8.2% above its 50-day moving average of $31.82. SmarTrend will be monitoring shares of IDX to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.86% while the 200-day MA has risen 0.41%.

In the past 52 weeks, shares of Market Vectors Indonesia Index ETF have traded between a low of $24.42 and a high of $34.33 and are now at $34.35, which is 41% above that low price.

SmarTrend currently has shares of Market Vectors Indonesia Index ETF in an Uptrend and issued the Uptrend alert on July 01, 2011 at $32.41. The stock has risen 5.1% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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Posted In: Press Releases
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