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PowerShares DB Commodity Short ETN Down 29.5% Since SmarTrend Downtrend Call (DDP)
Mar 22, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for PowerShares DB Commodity Short ETN (NYSE:DDP) on November 29th, 2012 at $43.51. In approximately 4 months, PowerShares DB Commodity Short ETN has returned 29.49% as of today's recent price of $30.68.
In the past 52 weeks, shares of PowerShares DB Commodity Short ETN have traded between a low of $26.51 and a high of $72.40 and are now at $30.68, which is 16% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.06% higher over the past week, respectively.
PowerShares DB Commodity Short ETN is an exchange-traded note issued in the USA by Deutsche Bank AG. The Notes will provide investors with a cash payment at the scheduled maturity of early redemption, based on the inverse (opposite) performance of its underlying index plus the monthly T-Bill Index return.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of PowerShares DB Commodity Short ETN .
Log in and add PowerShares DB Commodity Short ETN (DDP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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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