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Market Overview

Shares of PGJ Down 10.1% Since Downtrend Call on Shares

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for Powershares Golden Dragon Halter USX China Portfolio (AMEX: PGJ) on May 13, 2011 at $27.55. In approximately 4 weeks, Powershares Golden Dragon Halter USX China Portfolio has returned 10.1% as of today's recent price of $24.76.

In the past 52 weeks, shares of Powershares Golden Dragon Halter USX China Portfolio have traded between a low of $21.66 and a high of $29.33 and are now at $24.76, which is 14% above that low price.

Powershares Golden Dragon Halter USX China Portfolio is currently below its 50-day moving average of $27.75 and below its 200-day moving average of $27.09. 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 fallen 0.52% 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 Golden Dragon Halter USX China Portfolio.

Write to Chip Brian at cbrian@mysmartrend.com

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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

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