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Downtrend Call Working As PowerShares DB Gold Double Long ETN Stock Falls 29.8% (DGP)Apr 22, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for PowerShares DB Gold Double Long ETN (NYSE:DGP) on December 18th, 2012 at $52.43. In approximately 4 months, PowerShares DB Gold Double Long ETN has returned 29.83% as of today's recent price of $36.79. PowerShares DB Gold Double Long ETN share prices have moved between a 52-week high of $60.33 and a 52-week low of $32.30 and are now trading 14% above that low price at $36.79 per share. The 200-day and 50-day moving averages have moved 0.63% lower and 3.74% lower over the past week, respectively. PowerShares DB Gold Double Long 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 or early redemption, based on the double the performance of its underlying index plus the monthly TBill 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 Gold Double Long ETN. Log in and add PowerShares DB Gold Double Long ETN (DGP) 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 [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |