• Return to Headlines

PowerShares DB Commodity Index Tracking Fund Bearish Moving Average Crossover Alert (DBC)

Written on Wed, 11/28/2012 - 11:50am
By David Diaz

Today, shares of PowerShares DB Commodity Index Tracking Fund (AMEX:DBC) have fallen below their 10-day MA of $27.84 on a volume of 185K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, PowerShares DB Commodity Index Tracking Fund share prices have been bracketed by a low of $24.11 and a high of $29.93 and are now at $27.66, 15% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.26% lower over the past week, respectively.

SmarTrend is tracking the current trend status for PowerShares DB Commodity Index Tracking Fund and will alert subscribers who have DBC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:dbc powershares db commodity index tracking fund

Ticker(s): DBC

Contact David Diaz



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.