Bearish Moving Average Cross by ProShares UltraPro Short Russell 2000 (SRTY)
ProShares UltraPro Short Russell 2000 (NYSE:SRTY) shares have crossed bearishly below their 10-day moving average of $24.30 on a volume of 132K 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.
In the past 52 weeks, shares of ProShares UltraPro Short Russell 2000 have traded between a low of $22.17 and a high of $48.31 and are now at $23.53, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 3%.
SmarTrend is tracking the current trend status for ProShares UltraPro Short Russell 2000 and will alert subscribers who have SRTY in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses proshares ultrapro short russell 2000