Bullish Moving Average Cross by ProShares UltraPro Russell 2000 (URTY)
Today, shares of ProShares UltraPro Russell 2000 (NYSE:URTY) have advanced above their 10-day MA of $65.38 on a volume of 281K 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.
In the past 52 weeks, shares of ProShares UltraPro Russell 2000 have traded between a low of $43.04 and a high of $76.89 and are now at $66.00, which is 53% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.9%.
SmarTrend recommended that subscribers consider buying shares of ProShares UltraPro Russell 2000 on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.26. Since that recommendation, shares of ProShares UltraPro Russell 2000 have risen 8.3%. We continue to monitor URTY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses proshares ultrapro russell 2000