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

By Nick Russo

PowerShares DB Commodity Index Tracking Fund (AMEX:DBC) shares have crossed bearishly below their 10-day moving average of $18.29 on a volume of 838K 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 $16.71 and are now trading 8% above that low price at $17.99 per share. The 200-day and 50-day moving averages have moved 0.52% lower and 0.24% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in PowerShares DB Commodity Index Tracking Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PowerShares DB Commodity Index Tracking Fund in search of a potential trend change.

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

Ticker(s): DBC