SmarTrend Watching for Potential Pullback in Shares of DIAMONDS Trust Series I After 1.08% Gain
DIAMONDS Trust Series I (AMEX:DIA) traded in a range yesterday that spanned from a low of $178.32 to a high of $179.23. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $177.84 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of DIAMONDS Trust Series I on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $165.80. Since that recommendation, shares of DIAMONDS Trust Series I have risen 6.5%. We continue to monitor DIA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, DIAMONDS Trust Series I share prices have been bracketed by a low of $150.56 and a high of $183.35 and are now at $178.45, 19% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.58% higher over the past week, respectively.
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