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SmarTrend Detects Continued Buying Pressure in Shares of Powershares Golden Dragon Halter USX China Portfolio (PGJ)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for Powershares Golden Dragon Halter USX China Portfolio (AMEX: PGJ) on June 15, 2010 at $23.65. In approximately 4 months since that trend was identified, Powershares Golden Dragon Halter USX China Portfolio has returned 19.7% as of today's recent price of $28.31.

Powershares Golden Dragon Halter USX China Portfolio is currently above its 50-day moving average of $25.44 and above its 200-day moving average of $24.23. Look for these moving averages to climb to confirm the company's upward momentum.

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

Write to Chip Brian at cbrian@tradethetrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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