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