PowerShares DB Gold Double Short ETN Trading Higher Today on Above-Average Volume, Consistent With Trend (DZZ)
Shares of PowerShares DB Gold Double Short ETN are trading today in above average volume, with the share price rising 4.1% to $6.35. About 1.7 million shares have been traded today, as compared to the 30-day average volume of 1.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of PowerShares DB Gold Double Short ETN on November 2nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.41. Since that recommendation, shares of PowerShares DB Gold Double Short ETN have risen 38.5%. We continue to monitor DZZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
PowerShares DB Gold Double Short ETN share prices have moved between a 52-week high of $6.58 and a 52-week low of $3.89 and are now trading 63% above that low price at $6.34 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.5%.
Keywords: unusual volume powershares db gold double short etn