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Possible Trend Reversal, PowerShares DB Base Metals Fund Down on Heavy Volume (DBB)
Feb 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of PowerShares DB Base Metals Fund are trading down 0.5% to $18.53 today on above average volume. About 419,000 shares have been traded today, as compared to the 30-day average volume of 262,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend is tracking the current trend status for PowerShares DB Base Metals Fund and will alert subscribers who have DBB in their portfolio or watchlist when shares have changed trend direction.
PowerShares DB Base Metals Fund share prices have moved between a 52-week high of $21.62 and a 52-week low of $17.28 and are now trading 7% above that low price at $18.53 per share. The 200-day and 50-day moving averages have moved 0.06% lower and 0.24% lower over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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