MicroSectors Gold Miners 3X Leveraged ETN (GDXU) Shares Cross Above 200 DMA

MicroSectors Gold Miners 3X Leveraged ETN ETF (GDXU) crossed above its 200-day moving average of $219.94 and traded as high as $231.86, a technical breakout of roughly 5.4% above that level. The article also notes the shares were up about 9%, indicating short-term positive momentum rather than a fundamental catalyst.

Analysis

MicroSectors Gold Miners 3X Leveraged ETN ETF (GDXU) crossed above its 200-day moving average of $219.94 and traded as high as $231.86, a technical breakout of roughly 5.4% above that level. The article also notes the shares were up about 9%, indicating short-term positive momentum rather than a fundamental catalyst.