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Bullish Moving Average Cross by ProShares UltraPro QQQ (TQQQ)

By James Quinn

ProShares UltraPro QQQ (NASDAQ:TQQQ) crossed over its 10-day moving average of $93.20 on a volume of 620K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, ProShares UltraPro QQQ has traded in a range of $65.30 to $128.78 and is now at $94.02, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.7%.

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

Keywords: moving crosses proshares ultrapro qqq

Ticker(s): TQQQ