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

By Nick Russo

ProShares UltraPro Short Russell 2000 (NYSE:SRTY) shares have crossed bearishly below their 10-day moving average of $46.03 on a volume of 635K shares. This may provide swing traders with an opportunity 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 $10.13 and a high of $52.09 and are now at $45.41, 348% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 1.5%.

SmarTrend is monitoring the recent change of momentum in ProShares UltraPro Short Russell 2000. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares UltraPro Short Russell 2000 in search of a potential trend change.

Keywords: moving crosses proshares ultrapro short russell 2000

Ticker(s): SRTY