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Shares of Deutsche Bank Fall to a New 52-Week Low

By James Quinn

Deutsche Bank (NYSE:DB) traded today at a new 52-week low of $12.73. This new low was reached on approximately average trading volume as 2.6 million shares traded hands, while the average 30-day volume is approximately 3.7 million shares.

Deutsche Bank AG is a global financial service provider delivering commercial, investment, private and retail banking. The Bank offers debt, foreign exchange, derivatives, commodities, money markets, repo and securitization, cash equities, research, equity prime services, loans, convertibles, advice on M&A and IPO's, trade finance, retail banking, asset management and corporate investments.

There is potential upside of 141.5% for shares of Deutsche Bank based on a current price of $12.76 and an average consensus analyst price target of $30.82. Deutsche Bank shares should first meet resistance at the 50-day moving average (MA) of $18.04 and find additional resistance at the 200-day MA of $24.10.

In the past 52 weeks, Deutsche Bank share prices have been bracketed by a current low of $12.73 and a high of $35.38 and are now at $12.76. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 1.3%.

SmarTrend is monitoring the recent change of momentum in Deutsche Bank. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Deutsche Bank in search of a potential trend change.

Keywords: 52 week high/lows Deutsche Bank

Ticker(s): DB