Shares of PowerShares DB Commodity Index Tracking Fund DBC are trading down 0.5% to $27.61 today on above average volume. Approximately 6.9 million shares have traded hands today vs. average 30-day volume of 2.5 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of DBC to see if this bearish momentum will continue.
SmarTrend is monitoring the recent change of momentum in PowerShares DB Commodity Index Tracking Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PowerShares DB Commodity Index Tracking Fund in search of a potential trend change.
In the last five trading sessions, the 50-day MA has fallen 0.25% while the 200-day MA has risen 0.19%.
In the past 52 weeks, shares of PowerShares DB Commodity Index Tracking Fund have traded between a low of $21.63 and a high of $32.02 and are now at $28.16, which is 30% above that low price.
Write to Chip Brian at cbrian@mysmartrend.com
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