Market Overview

PowerShares DB US Dollar Index Bearish Fund Looks to Continue to Trade Above its Annual-High Share Price Today (UDN)

(via COMTEX News Network)--

Shares of PowerShares DB US Dollar Index Bearish Fund (NYSE: UDN) traded at a new 52-week high today of $29.27. Approximately 532,000 shares have traded hands today vs. average 30-day volume of 193,000 shares.

PowerShares DB US Dollar Index Bearish Fund is currently trading at $29.25, approximately 4% above its 50-day moving average of $28.12. 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 0.5% while the 200-day MA has risen 0.26%.

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 $29.22 and are now at $29.22, which is 21% 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 4.9% since the Uptrend alert was issued.

Write to Chip Brian at


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