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PowerShares DB Commodity Index Tracking Fund Falls 1.09% on Heavy Volume: Watch For Potential Rebound

By James Quinn

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, shares of PowerShares DB Commodity Index Tracking Fund have traded between a low of $11.70 and a high of $18.68 and are now at $15.00, which is 28% above that low price. The 200-day and 50-day moving averages have moved 0.36% lower and 0.99% higher over the past week, respectively.

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

Ticker(s): DBC