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iPath Dow Jones-AIG Commodity Index Total Return ETN Crosses Below its 10-day MA (DJP)

By David Diaz

Today, shares of iPath Dow Jones-AIG Commodity Index Total Return ETN (NYSE:DJP) have crossed bearishly below their 10-day moving average of $25.58 on a volume of 951K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

iPath Dow Jones-AIG Commodity Index Total Return ETN share prices have moved between a 52-week high of $37.22 and a 52-week low of $25.22 and are now trading 1% above that low price at $25.47 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of iPath Dow Jones-AIG Commodity Index Total Return ETN on July 7th, 2015 by issuing a Downtrend alert when the shares were trading at $27.46. Since that call, shares of iPath Dow Jones-AIG Commodity Index Total Return ETN have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ipath dow jones-aig commodity index total return etn

Ticker(s): DJP