Market Overview

Uptrend Call Realized As Market Vectors - Gold Miners ETF Stock Rises 8.2% (GDX)

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SmarTrend is monitoring the recent change of momentum in Market Vectors - Gold Miners ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Market Vectors - Gold Miners ETF in search of a potential trend change.

In the past 52 weeks, shares of Market Vectors - Gold Miners ETF have traded between a low of $46.80 and a high of $64.62 and are now at $59.69, which is 28% above that low price.

Market Vectors - Gold Miners ETF is currently above its 50-day moving average of $55.23 and above its 200-day moving average of $57.80. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has fallen 0.39% while the 200-day MA has remained constant.

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

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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