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After Yesterday's Decline of 1.09%, PowerShares DB Commodity Index Tracking Fund Offers Investors Better Value

By Amy Schwartz

PowerShares DB Commodity Index Tracking Fund (AMEX:DBC) traded in a range yesterday that spanned from a low of $14.96 to a high of $15.15. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $15.11 on volume of 919,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, PowerShares DB Commodity Index Tracking Fund share prices have been bracketed by a low of $11.70 and a high of $18.68 and are now at $15.00, 28% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.0%.

Keywords: rebounders amex:dbc powershares db commodity index tracking fund

Ticker(s): DBC