Market Overview

PowerShares DB Commodity Index Tracking Fund: The Winning Streak Continues (DBC)

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(via COMTEX News Network)--

Shares of PowerShares DB Commodity Index Tracking Fund (AMEX: DBC) traded at a new 52-week high today of $28.63. Approximately 1.8 million shares have traded hands today vs. average 30-day volume of 2.2 million shares.

PowerShares DB Commodity Index Tracking Fund is currently trading at $28.54, approximately 6.8% above its 50-day moving average of $26.73. SmarTrend will be monitoring shares of DBC to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.82% while the 200-day MA has risen 0.35%.

In the past 52 weeks, shares of PowerShares DB Commodity Index Tracking Fund have traded between a low of $20.84 and a high of $28.22 and are now at $28.48, which is 37% above that low price.

SmarTrend currently has shares of PowerShares DB Commodity Index Tracking Fund in an Uptrend and issued the Uptrend alert on December 03, 2010 at $26.24. The stock has risen 7.1% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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