Posted On: 07/10/2013 1:30:51 PM
Post# of 2108
Daily Gold Miners Bull 3x Shares Experiences Big Inflow
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Daily Gold Miners Bull 3x Shares (AMEX: NUGT) where we have detected an approximate $107.9 million dollar inflow — that’s a 33.1% increase week over week in outstanding units (from 52,609,543 to 70,009,543).
The chart below shows the one year price performance of NUGT, versus its 200 day moving average:
Looking at the chart above, NUGT’s low point in its 52 week range is $4.55 per share, with $97.05 as the 52 week high point — that compares with a last trade of $5.72. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique.
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Daily Gold Miners Bull 3x Shares (AMEX: NUGT) where we have detected an approximate $107.9 million dollar inflow — that’s a 33.1% increase week over week in outstanding units (from 52,609,543 to 70,009,543).
The chart below shows the one year price performance of NUGT, versus its 200 day moving average:
Looking at the chart above, NUGT’s low point in its 52 week range is $4.55 per share, with $97.05 as the 52 week high point — that compares with a last trade of $5.72. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique.
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