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Top Stock #2: Market Vectors Gold Miners ETF (GDX)
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See KeyThe Options Trader’s Guide to Technical Analysis
The Market Vectors Gold Miners ETF (GDX), which attempts to replicate
the price and yield performance of the Amex Gold Miners Index, is in a bull market with the major support line at $40.50 and the 200-day moving
average at $41.I’ve recommended several successful trades in this ETF before, and it appears to be in a buying range again after a healthy round of profit-taking.
Note the two buy signals from our proprietary Collins-Bollinger Reversal (CBR) signal.The trading target for GDX is $52, but crises or renewed inflation could result in much higher prices.
Top 6 Picks for March
Article printed from InvestorPlace Media, http://www.investorplace.com/2010/03/top-etfs-and-stocks-to-buy-for-march/.
©2012 InvestorPlace Media, LLC
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