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PowerShares DB Oil Fund Trading Lower Today on Above-Average Volume (DBO)

Written on Tue, 01/08/2013 - 1:22pm
By James Quinn

Shares of PowerShares DB Oil Fund are trading down -0.1% to $26.24 today on above average volume. Approximately 741,000 shares have changed hands today vs. average 30-day volume of 287,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is monitoring the recent change of momentum in PowerShares DB Oil Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PowerShares DB Oil Fund in search of a potential trend change.

PowerShares DB Oil Fund share prices have moved between a 52-week high of $32.06 and a 52-week low of $22.62 and are now trading 16% above that low price at $26.20 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

Keywords: unusual volume powershares db oil fund

Ticker(s): DBO

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