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

By Amy Schwartz

ProShares UltraPro Short Russell 2000 (NYSE:SRTY) crossed under its 10-day moving average of $26.99 on a volume of 389K 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, ProShares UltraPro Short Russell 2000 share prices have been bracketed by a low of $22.80 and a high of $50.25 and are now at $26.78, 17% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 0.7%.

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