PowerShares QQQ Trust Series 1 (QQQ) : Thursdays money flow analysis of PowerShares QQQ Trust Series 1 (QQQ) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $212.73 million. In comparison, the inflow of money on upticks was a meager $197.78 million. The dollar value of composite uptick trades minus the downtick trades was negative $14.94 million. The uptick to downtick ratio of 0.93 in the money flow shows weakness. The uptick block trades were valued at $8.2 million. The downtick transaction value was high at $20.47 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.4. Hence, the net money flow in the stock was negative ($12.28 million). PowerShares QQQ Trust Series 1 (QQQ) gained $0.32 at $108.62, a change of 0.3% over the previous days close.
The stock has recorded a 20-day Moving Average of 1.27% and the 50-Day Moving Average is 1.34%.
PowerShares QQQ Trust Series 1 (NASDAQ:QQQ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $108.39 and $108.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $108.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $108.62, notching a gain of 0.30% for the day. The total traded volume was 19,161,748 . The stock had closed at $108.30 on the previous day.
PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trusts investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index. Invesco PowerShares Capital Management, LLC is the Sponsor of the Trust and The Bank of New York Mellon is the Trustee.