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Possible Trend Reversal, PowerShares High Yieldorate Bond Portfolio Down on Heavy Volume (PHB)

By Amy Schwartz

The price of PowerShares High Yieldorate Bond Portfolio shares has slipped to $18.17 (a 0.2% change) on heavy trading volume. Today's volume of 1.5 million shares tops the average 30-day volume of 523,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for PowerShares High Yieldorate Bond Portfolio and will alert subscribers who have PHB in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of PowerShares High Yieldorate Bond Portfolio have traded between a low of $16.53 and a high of $19.13 and are now at $18.16, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Keywords: unusual volume powershares high yieldorate bond portfolio

Ticker(s): PHB