Market Vectors Gold Miners ETF (GDX) Sees Significant Increase in Short Interest

With the strength building, investors might be taking a look at this name in conjuction with some other indicators.

The Aroon Oscillator was developed by Tushar Chande to highlight the start of a new trend and to measure trend strength. The Aroon indicator system consists of three lines: Aroon Up, Aroon Down, and the Aroon Oscillator which reflects the difference between the two. "Aroon" is a Sanskrit word meaning "dawn's early light". The Aroon Up trend when it reaches above 70 indicates that the uptrend is gaining momentum.

Let's now take a look at some additional technical levels on shares of VanEck Vectors Agribusiness ETF (MOO). After a recent check, the 14-day RSI is now at 58.98, the 7-day stands at 60.73, and the 3-day is sitting at 66.46. Many traders keep an eye on the 30 and 70 marks on the RSI scale. Typically, if the value heads above -20, the stock may be considered to be overbought. The NYSE listed company saw a recent bid of $43.60 and 246612 shares have traded hands in the session.

Ichimoku Kinko Hyo is a technical trend trading charting system that has been used by Japanese commodity and stock market traders for decades and is gaining increasing popularity amongst western stock market traders, being commonly referred to as Ichimoku Cloud charts. VanEck Vectors Green Bond ETF has a 52-week low of $24.62 and a 52-week high of $27.06. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.

Currently, the 14-day ADX for Amerigas Partners LP (APU) is sitting at 15.17. VanEck Vectors Agribusiness ETF (MOO)'s Williams %R presently stands at -98.23. The Williams %R oscillates in a range from 0 to -100. In general, if the reading goes above -20, the stock may be considered to be overbought. It indicates oversold and overbought price levels for a stock.

VanEck Vectors ChinaAMC China Bond ETF (:CBON) performed nicely this week, continuing its impressive near-term upward movement. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. The ADX was created by J. Welles Wilder to help determine how strong a trend is. The company has a 50 day moving average of $26.50 and a 200 day moving average of $25.81. Moving averages can be very useful for identifying peaks and troughs. Lastly, when the price is above the cloud, then the top of the cloud will act as a general support level, and when price is below, the cloud base will act as resistance.

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