• Return to Headlines

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

By Amy Schwartz

PowerShares DB Commodity Index Tracking Fund (AMEX:DBC) crossed under its 10-day moving average of $22.23 on a volume of 404K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

PowerShares DB Commodity Index Tracking Fund share prices have moved between a 52-week high of $26.94 and a 52-week low of $21.81 and are now trading 1% above that low price at $22.09 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of PowerShares DB Commodity Index Tracking Fund on July 31st, 2014 by issuing a Downtrend alert when the shares were trading at $25.39. Since that call, shares of PowerShares DB Commodity Index Tracking Fund have fallen 12.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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

Ticker(s): DBC