[May 23, 2012] Downtrend Call Working As Market Vectors - Gold Miners ETF Stock Falls 21.8% (GDX) Tweet May 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Market Vectors - Gold Miners ETF (AMEX:GDX) on February 14th, 2012 at $53.87. In approximately 3 months, Market Vectors - Gold Miners ETF has returned 21.80% as of today's recent price of $42.13. In the past 52 weeks, shares of Market Vectors - Gold Miners ETF have traded between a low of $39.08 and a high of $66.98 and are now at $42.12, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 0.4%. Market Vectors Gold Miners ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Amex Gold Miners 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 - Gold Miners ETF. Log in and add Market Vectors - Gold Miners ETF (GDX) 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 [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 [ Back To TMCnet.com's Homepage ]