Shares of iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN (NYSE:GAZ) traded at a new 52-week low yesterday of $6.20. Approximately 170,000 shares have traded hands yesterday vs. average 30-day volume of 108,000 shares.
iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN closed at $6.26, approximately 13.4% below its 50-day moving average of $7.23. SmarTrend will be monitoring shares of GAZ to see if this bearish momentum will continue.
In the last five trading sessions, the 50-day MA has fallen 2.42% while the 200-day MA has slid 0.46%.
In the past 52 weeks, shares of iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN have traded between a low of $6.31 and a high of $9.76 and are now at $6.26, which is 64% of that high price.
SmarTrend currently has shares of iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN in an Downtrend and issued the Downtrend alert on May 10, 2011 at $7.63. The stock has fallen 16.7% since the Downtrend alert was issued.