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Bearish Moving Average Cross by ProShares UltraPro Short Russell 2000 (SRTY)

By Shiri Gupta

ProShares UltraPro Short Russell 2000 (NYSE:SRTY) crossed under its 10-day moving average of $37.87 on a volume of 344K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, ProShares UltraPro Short Russell 2000 has traded in a range of $10.13 to $52.09 and is now at $37.70, 272% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 9.2% while the 200-day MA has risen 2.5%.

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

Ticker(s): SRTY