Shares of PowerShares High Yieldorate Bond Portfolio are Moving Higher on 4x Above-Average Volume (PHB)

Shares of PowerShares High Yieldorate Bond Portfolio PHB are trading up 0.1% to $18.58 today on above average volume. Approximately 1 million shares have traded hands today vs. average 30-day volume of 262,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of PHB to see if this bullish momentum will continue.

PowerShares High Yield Corporate Bond Portfolio is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Wells Fargo High Yield Bond Index.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has remained constant.

In the past 52 weeks, shares of PowerShares High Yieldorate Bond Portfolio have traded between a low of $17.66 and a high of $18.76 and are now at $18.58, which is 5% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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