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SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for PowerShares DB Precious Metals Fund (DBP)

Written on Wed, 04/28/2010 - 6:36am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of PowerShares DB Precious Metals Fund (NYSE:DBP) since the stock closed above $39.80.
Yesterday, this company traded 1,500,025 shares, versus the previous day's total volume of 84,242. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued an Uptrend alert on shares of PowerShares DB Precious Metals Fund on March 02, 2010 at $38.50 per share (4.2% return since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): DBP

Contact Chip Brian



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