Watch for Continued Gains in Shares of PowerShares DB Precious Metals Fund (DBP)

Shares of PowerShares DB Precious Metals Fund DBP traded at a new 52-week high today of $62.43. Approximately 62,000 shares have traded hands today vs. average 30-day volume of 129,000 shares.

PowerShares DB Precious Metals Fund is currently trading at $62.43, approximately 8.8% above its 50-day moving average of $57.37. SmarTrend will be monitoring shares of DBP to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.58% while the 200-day MA has risen 0.36%.

In the past 52 weeks, shares of PowerShares DB Precious Metals Fund have traded between a low of $40.25 and a high of $62.12 and are now at $62.24, which is 55% above that low price.

SmarTrend currently has shares of PowerShares DB Precious Metals Fund in an Uptrend and issued the Uptrend alert on July 13, 2011 at $58.45. The stock has risen 5.6% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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