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Next Resistance Level for PowerShares DB Precious Metals Fund (DBP) is $40.71

Written on Mon, 05/24/2010 - 10:10am
By Chip Brian

SmarTrend has detected shares of PowerShares DB Precious Metals Fund (NYSE:DBP) have bullishly opened above the pivot of $40.06 today and have reached the first resistance level of $40.38.
We are watching for a cross of the next upside pivot targets of $40.71 and $41.35. Also, the shares are currently trading above the 50-day moving average of $39.50 and above the 200-day moving average of $37.57.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of PowerShares DB Precious Metals Fund on March 02, 2010 at $38.50. Since the call, the stock has risen 5.1%.

Keywords: powershares db precious metals fund pivot points

Ticker(s): DBP

Contact Chip Brian



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