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DNP Select Income Fund's Shares Changing Hands at Higher Prices on 1.1x Above-Average Volume (DNP)

Written on Mon, 10/10/2011 - 10:51am
By David Diaz

Shares of DNP Select Income Fund (NYSE:DNP) are trading up 1.9% to $10.09 today on above average volume. Approximately 371,000 shares have traded hands today vs. average 30-day volume of 343,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of DNP to see if this bullish momentum will continue.
SmarTrend currently has shares of DNP Select Income Fund in an Uptrend and issued the Uptrend alert on June 17, 2010 at $9.24. The stock has risen 7.1% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has remained constant.
In the past 52 weeks, shares of DNP Select Income Fund have traded between a low of $8.52 and a high of $10.24 and are now at $9.99, which is 17% above that low price.

Keywords: dnp select income fund unusual volume

Ticker(s): DNP

Contact David Diaz



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