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

By Shiri Gupta

DIAMONDS Trust Series I (AMEX:DIA) crossed over its 10-day moving average of $177.74 on a volume of 808K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, DIAMONDS Trust Series I has traded in a range of $150.56 to $183.35 and is now at $178.30, 18% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of DIAMONDS Trust Series I on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $165.80. Since that recommendation, shares of DIAMONDS Trust Series I have risen 6.7%. We continue to monitor DIA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:dia diamonds trust series i

Ticker(s): DIA