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TMCNet:  Downtrend Call Working As Market Vectors Junior Gold Miners Stock Falls 16.4% (GDXJ)

[April 29, 2013]

Downtrend Call Working As Market Vectors Junior Gold Miners Stock Falls 16.4% (GDXJ)

Apr 29, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Market Vectors Junior Gold Miners (NASDAQ:GDXJ) on April 3rd, 2013 at $15.07. In approximately 4 weeks, Market Vectors Junior Gold Miners has returned 16.36% as of today's recent price of $12.60.

Market Vectors Junior Gold Miners share prices have moved between a 52-week high of $42.97 and a 52-week low of $11.28 and are now trading 12% above that low price at $12.60 per share. The 200-day and 50-day moving averages have moved 0.89% lower and 3.64% lower over the past week, respectively.

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.

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

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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