DBC Stock Invesco DB Commodity Tracking (DBC, $23.71) price may drop as it broke higher Bollinger Band on May 17, 2024

A.I.dvisor
at Tickeron.com
05/18/24
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DBC - Invesco DB Commodity Tracking
Bollinger signal
Bearish Trend
Odds of DOWN Trend
Bollinger signal
Price: $23.71
Daily change: +$0.24 (+1.02%)
Daily volume: 2.1M
Net Assets: $1.8B
This price move could be a signal that DBC may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 41 similar cases where DBC's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:
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DBCDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Broad Basket
Address
PowerShares DB Commodity Index Tracking Fund3500 LACEY ROADDOWNERS GROVE
Phone
800-983-0903
Web
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