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Bearish Moving Average Cross by ProShares UltraPro Russell 2000 (URTY)

By Shiri Gupta

Today, shares of ProShares UltraPro Russell 2000 (NYSE:URTY) have crossed bearishly below their 10-day moving average of $83.55 on a volume of 143K shares. This may provide short-term investors a chance 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 $99.35 and a 52-week low of $58.09 and are now trading 41% above that low price at $81.65 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% 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

Ticker(s): URTY