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DIAMONDS Trust Series I Crosses Below its 10-day MA (DIA)

By Shiri Gupta

DIAMONDS Trust Series I (AMEX:DIA) shares have crossed bearishly below their 10-day moving average of $177.19 on a volume of 1.7 million 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.

In the past 52 weeks, shares of DIAMONDS Trust Series I have traded between a low of $150.56 and a high of $183.35 and are now at $177.03, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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 7.5%. 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