Deutsche Bank (DB) Bearish Technical Alert - Trend Down 4.2%

Deutsche Bank (NYSE:DB) is trading 3.9% lower (down $2.78 to $69.25) today on volume of 534,545 shares. The stock has traded within a 52-week range of $21.13 and $84.93.

Deutsche Bank is currently below its 50-day moving average of $74.98 and should find support at its 200-day moving average of $56.19.

SmarTrend is bearish on shares of DB and our subscribers received a Downtrend alert on October 28, 2009 at $72.28, which has returned 4.2% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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