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Possible Trend Reversal, DNP Select Income Fund Down on Heavy Volume (DNP)

By Amy Schwartz

Shares of DNP Select Income Fund are trading down 1.3% to $9.91 today on above average volume. Today's volume of 433,000 shares tops the average 30-day volume of 267,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of DNP Select Income Fund on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.68. Since that recommendation, shares of DNP Select Income Fund have risen 3.7%. We continue to monitor DNP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, DNP Select Income Fund has traded in a range of $8.12 to $11.00 and is now at $9.91, 22% above that low. The 200-day and 50-day moving averages have moved 0% lower and 0.52% higher over the past week, respectively.

Keywords: unusual volume dnp select income fund

Ticker(s): DNP