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Powershares Global Clean Energy Portfolio (PBD) Breaks Through Resistance at $13.05

Written on Thu, 07/22/2010 - 10:08am
By Chip Brian

SmarTrend has detected shares of Powershares Global Clean Energy Portfolio (NYSE:PBD) have bullishly opened above the pivot of $12.91 today and have reached the first resistance level of $13.05.
We are watching for a cross of the next upside pivot targets of $13.27 and $13.63. Also, the shares are currently trading above the 50-day moving average of $12.63 and should find resistance at the 200-day moving average of $14.86.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Powershares Global Clean Energy Portfolio on June 21, 2010 at $13.18. Since the call, the stock has risen 0.1%.

Keywords: powershares global clean energy portfolio pivot points

Ticker(s): PBD

Contact Chip Brian



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