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PowerShares DB Precious Metals Fund (DBP) Crosses Pivot Point Resistance at $41.71

Written on Tue, 06/15/2010 - 11:21am
By Chip Brian

SmarTrend has detected shares of PowerShares DB Precious Metals Fund (NYSE:DBP) have bullishly opened above the pivot of $41.56 today and have reached the first resistance level of $41.71.
We are watching for a cross of the next upside pivot targets of $41.97 and $42.38. Also, the shares are currently trading above the 50-day moving average of $40.55 and above the 200-day moving average of $38.25.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of PowerShares DB Precious Metals Fund on March 02, 2010 at $38.50. Since the call, the stock has risen 9%.

Keywords: powershares db precious metals fund pivot points

Ticker(s): DBP

Contact Chip Brian



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