Bullish Moving Average Cross by ProShares Ultra S&P500 (SSO)
ProShares Ultra S&P500 (AMEX:SSO) shares have crossed bullishly above their 10-day moving average of $80.72 on a volume of 1.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, ProShares Ultra S&P500 share prices have been bracketed by a low of $53.38 and a high of $87.07 and are now at $80.97, 52% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.
SmarTrend is tracking the current trend status for ProShares Ultra S&P500 and will alert subscribers who have SSO in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses amex:sso proshares ultra s&p500