TMCnet News
Global X Silver Miners ETF Shares Up 7.1% Since SmarTrend's Buy Recommendation (SIL)Jul 16, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend is monitoring the recent change of momentum in Global X Silver Miners ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Global X Silver Miners ETF in search of a potential trend change. In the past 52 weeks, shares of Global X Silver Miners ETF have traded between a low of $13.80 and a high of $31.34 and are now at $26.97, which is 95% above that low price. Global X Silver Miners ETF is currently above its 50-day moving average of $24.08 and above its 200-day moving average of $24.47. 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 0.6% while the 200-day MA has risen 0.56%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Global X Silver Miners ETF shares. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |