DBP Crosses Below Key Moving Average Level

In trading on Friday, shares of the PowerShares DB Precious Metals Fund ETF ( DBP) crossed below their 200 day moving average of $41.66, changing hands as low as $41.44 per share. PowerShares DB Precious Metals Fund shares are currently trading off about 1.5% on the day. The chart below shows the one year performance of DBP shares, versus its 200 day moving average:

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PowerShares DB Precious Metals Fund 200 Day Moving Average Chart

Looking at the chart above, DBP's low point in its 52 week range is $38.58 per share, with $47.46 as the 52 week high point — that compares with a last trade of $41.44.

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