Bearish Moving Average Cross by ProShares UltraPro Russell 2000 (URTY)
Today, shares of ProShares UltraPro Russell 2000 (NYSE:URTY) have fallen below their 10-day MA of $61.15 on a volume of 127K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
ProShares UltraPro Russell 2000 share prices have moved between a 52-week high of $68.64 and a 52-week low of $25.80 and are now trading 130% above that low price at $59.27 per share. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 0.7%.
SmarTrend is tracking the current trend status for ProShares UltraPro Russell 2000 and will alert subscribers who have URTY in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses proshares ultrapro russell 2000