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PowerShares India Portfolio Bearish Moving Average Crossover Alert (PIN)

By Amy Schwartz

PowerShares India Portfolio (NYSE:PIN) crossed under its 10-day moving average of $19.46 on a volume of 156K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of PowerShares India Portfolio have traded between a low of $16.79 and a high of $22.45 and are now at $19.32, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.17% lower and 0.78% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of PowerShares India Portfolio on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.64. Since that recommendation, shares of PowerShares India Portfolio have risen 5.7%. We continue to monitor PIN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses powershares india portfolio

Ticker(s): PIN