Shares of iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN are Moving Higher on 1x Above-Average Volume (GAZ)
Shares of iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN (NYSE: GAZ) are trading up 0.5% to $8.43 today on above average volume. Approximately 293,000 shares have traded hands today vs. average 30-day volume of 290,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of GAZ to see if this bullish momentum will continue.
SmarTrend is monitoring the recent change of momentum in iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN in search of a potential trend change.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has slid 0.58%.
In the past 52 weeks, shares of iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN have traded between a low of $6.85 and a high of $12.18 and are now at $8.45, which is 23% above that low price.
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
