PowerShares DB Oil ETF (:DBO) Swings Higher 4.62% For The Week

All three benchmark US indexes closed lower on Friday after fluctuating throughout the session.

PowerShares DB Oil ETF (:DBO) performed nicely this week, continuing its impressive near-term upward movement.  The stock has moved north 4.62% over the past week of trading.  

Looking further out, over the past twelve months, PowerShares DB Oil ETF’s stock was 13.96% and 25.12% over the last quarter and 34.41% for the past six months. 

Over the past 50 days, PowerShares DB Oil ETF (:DBO) stock was -0.28% off of the high and 18.56% removed from the low.  Their 52-Week High and Low are noted here.  -0.28% (High), 46.76%, (Low). 

RSI 

PowerShares DB Oil ETF (:DBO) may have great momentum, but how has it been performing relative to the market?  The stock’s price is $10.86 and their relative strength index (RSI) stands at 80.29.  RSI is a technical oscillator that shows price strength by comparing upward and downward movements.  It indicates oversold and overbought price levels for a stock.  

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals. This is not a recommendation to buy or sell PowerShares DB Oil ETF (:DBO).

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