Market Overview

Downtrend Spotted in Shares of PowerShares Insured National Municipal Bond Portfolio (PZA)

Share:
(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 5 months, PowerShares Insured National Municipal Bond Portfolio has returned 3.8% as of today's recent price of $22.36.

In the past 52 weeks, shares of PowerShares Insured National Municipal Bond Portfolio have traded between a low of $21.33 and a high of $24.72 and are now at $22.36, which is 5% above that low price.

PowerShares Insured National Municipal Bond Portfolio is currently below its 200-day moving average of $23.37 and should find support at its 50-day moving average of $22.26. 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 remained constant 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@mysmartrend.com

---------------------------------------------------------------------------------------------

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

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

View Comments and Join the Discussion!
 

Partner Center