PowerShares DB US Dollar Index Bearish Fund Looks to Continue to Trade Above its Annual-High Share Price Today (UDN)
Shares of PowerShares DB US Dollar Index Bearish Fund (NYSE: UDN) traded at a new 52-week high today of $28.93. Approximately 212,000 shares have traded hands today vs. average 30-day volume of 188,000 shares.
PowerShares DB US Dollar Index Bearish Fund is currently trading at $28.93, approximately 3.2% above its 50-day moving average of $28.05. SmarTrend will be monitoring shares of UDN to see if this bullish momentum will continue.
In the last five trading sessions, the 50-day MA has climbed 0.2% while the 200-day MA has remained constant.
In the past 52 weeks, shares of PowerShares DB US Dollar Index Bearish Fund have traded between a low of $24.07 and a high of $28.90 and are now at $28.90, which is 20% above that low price.
SmarTrend currently has shares of PowerShares DB US Dollar Index Bearish Fund in an Uptrend and issued the Uptrend alert on February 28, 2011 at $27.80. The stock has risen 3.8% since the Uptrend alert was issued.
Write to Chip Brian at cbrian@mysmartrend.com
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