Powershares Golden Dragon Halter USX China Portfolio: The Trend Continues Lower (PGJ)

SmarTrend identified a Downtrend for Powershares Golden Dragon Halter USX China Portfolio PGJ on January 21, 2010 at $23.94. In approximately 2 weeks, Powershares Golden Dragon Halter USX China Portfolio has returned 7.8% as of today's recent price of $22.07.

Powershares Golden Dragon Halter USX China Portfolio is currently below its 50-day moving average of $24.23 and below its 200-day moving average of $22.42. Look for these moving averages to decline to confirm the company's downward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Powershares Golden Dragon Halter USX China Portfolio.

Write to Chip Brian at cbrian@tradethetrend.com

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