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Bearish Moving Average Cross by DIAMONDS Trust Series I (DIA)

By Nick Russo

DIAMONDS Trust Series I (AMEX:DIA) crossed under its 10-day moving average of $184.83 on a volume of 447K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, DIAMONDS Trust Series I has traded in a range of $150.56 to $186.08 and is now at $184.70, 23% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for DIAMONDS Trust Series I and will alert subscribers who have DIA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:dia diamonds trust series i

Ticker(s): DIA