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Market Vectors Gold Miners ETF Message Board

  • thetechtraderca thetechtraderca Aug 16, 2013 9:54 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on GDX at TheTechTrader site noting: Market Vectors Gold Miners ETF (GDX) had a big downtrend this year, taking this stock from the mid 50’s to the low 20’s. It reversed, pulled back from the declining topsline, and then blew through it. Also, on Thursday, it went up to lateral resistance at 31 1/4, reaching 30.43, just beneath that. The declining topsline was pierced and the thrust pushed it to the high for the day, up 1.73, or 6%, on 66 million shares. That’s the second biggest volume this stock has ever had. The target on it is up around 34-35 short-term, and then 38-39.

26.28-0.50(-1.87%)3:48 PMEDT