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PowerShares DB Oil Fund Trading Lower Today on Above-Average Volume (DBO)
Mar 01, 2013 (SmarTrend(R) News Watch via COMTEX) --
The price of PowerShares DB Oil Fund shares has slipped to $25.41 (a 1.2% change) on heavy trading volume. Approximately 946,000 shares have changed hands today vs. average 30-day volume of 342,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend is monitoring the recent change of momentum in PowerShares DB Oil Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PowerShares DB Oil Fund in search of a potential trend change.
PowerShares DB Oil Fund share prices have moved between a 52-week high of $32.06 and a 52-week low of $22.62 and are now trading 13% above that low price at $25.48 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.2%.
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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