Market Overview

SmarTrend Detects Continued Selling Pressure in Shares of PowerShares Insured National Municipal Bond Portfolio (PZA)

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for PowerShares Insured National Municipal Bond Portfolio (NYSE: PZA) on November 12, 2010 at $23.25. In approximately 2 months, PowerShares Insured National Municipal Bond Portfolio has returned 3.5% as of today's recent price of $22.43.

In the past 52 weeks, shares of PowerShares Insured National Municipal Bond Portfolio have traded between a low of $22.05 and a high of $24.72 and are now at $22.43, which is 2% above that low price.

PowerShares Insured National Municipal Bond Portfolio is currently below its 50-day moving average of $23.13 and below its 200-day moving average of $23.70. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 0.64% while the 200-day MA has remained constant.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of PowerShares Insured National Municipal Bond Portfolio.

Write to Chip Brian at cbrian@tradethetrend.com

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