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PowerShares DB US Dollar Index Bullish Fund Rising Today on Above-Average Volume (UUP)

By Shiri Gupta

The price of PowerShares DB US Dollar Index Bullish Fund shares has climbed to $25.51 (a 0.4% change) on heavy trading volume. About 2.5 million shares have been traded today, as compared to the 30-day average volume of 1.5 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for PowerShares DB US Dollar Index Bullish Fund and will alert subscribers who have UUP in their portfolio or watchlist when shares have changed trend direction.

Over the past year, PowerShares DB US Dollar Index Bullish Fund has traded in a range of $23.96 to $26.14 and is now at $25.51, 6% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

Keywords: unusual volume powershares db us dollar index bullish fund

Ticker(s): UUP