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

By Nick Russo

Today, shares of DIAMONDS Trust Series I (AMEX:DIA) have crossed bearishly below their 10-day moving average of $181.38 on a volume of 2.4 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 $186.88 and are now at $180.37, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.58% higher over the past week, respectively.

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