PowerShares DB Oil Fund (DBO) Shares Cross Below 200 DMA

In trading on Thursday, shares of the PowerShares DB Oil Fund ETF (DBO) crossed below their 200 day moving average of $28.37, changing hands as low as $28.08 per share. PowerShares DB Oil Fund shares are currently trading down about 2.5% on the day. The chart below shows the one year performance of DBO shares, versus its 200 day moving average:

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PowerShares DB Oil Fund 200 Day Moving Average Chart

Looking at the chart above, DBO's low point in its 52 week range is $25.88 per share, with $30.99 as the 52 week high point — that compares with a last trade of $28.14.

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