Market Overview

Trading Higher on Heavy Volume are Shares of PowerShares DB US Dollar Index Bearish Fund on 1.2x Above-Average Volume (UDN)

(via COMTEX News Network)--

Shares of PowerShares DB US Dollar Index Bearish Fund (NYSE: UDN) are trading up 0.3% to $28.44 today on above average volume. Approximately 263,000 shares have traded hands today vs. average 30-day volume of 217,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of UDN to see if this bullish momentum will continue.

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 2% since the Uptrend alert was issued.

In the last five trading sessions, the 50-day MA has remained constant 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 $24.78 and a high of $29.33 and are now at $28.49, which is 15% above that low price.

Write to Chip Brian at


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