Market Overview

Volume Spike Detected in Shares of PowerShares Insured National Municipal Bond Portfolio as They Move Lower on 1.6x Above-Average Volume (PZA)

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(via COMTEX News Network)--

Shares of PowerShares Insured National Municipal Bond Portfolio (NYSE: PZA) are trading down 2.5% to $22.69 today on above average volume. Approximately 603,000 shares have traded hands today vs. average 30-day volume of 234,000 shares.

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

In the last five trading sessions, the 50-day MA has fallen 0.43% while the 200-day MA has remained constant.

In the past 52 weeks, shares of PowerShares Insured National Municipal Bond Portfolio have traded between a low of $22.43 and a high of $24.72 and are now at $22.69, which is 1% above that low price.

Write to Chip Brian at cbrian@tradethetrend.com

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