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Top Stock #3: PowerShares DB Commodity Double Short ETN (DEE)
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See KeyThe Options Trader’s Guide to Technical Analysis
The PowerShares DB Commodity Double Short ETN (DEE) seeks to replicate,
net of expenses, twice the inverse of the Deutsche Bank Liquid Commodity Total Return Index, which is based on crude oil, heating oil, corn, wheat,
gold and aluminum.This highly volatile trading vehicle just saw a buy signal triggered by the stochastic. Currently trading around $54, the immediate target for DEE
is $59, but it could move up a full 10 points.A word of caution: This is not recommended as a long-term investment. DEE is a very volatile, speculative ETN that is designed for day traders.
If you buy it, be aware of the risk and use a stop-loss
order to protect against big losses.
Top 6 Picks for March
Article printed from InvestorPlace Media, http://www.investorplace.com/2010/03/top-etfs-and-stocks-to-buy-for-march/.
©2012 InvestorPlace Media, LLC
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