Bullish Moving Average Cross by ProShares UltraPro Short Russell 2000 (SRTY)
Today, shares of ProShares UltraPro Short Russell 2000 (NYSE:SRTY) have advanced above their 10-day MA of $27.54 on a volume of 128K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, ProShares UltraPro Short Russell 2000 has traded in a range of $22.80 to $48.31 and is now at $27.69, 21% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 3%.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares UltraPro Short Russell 2000 on February 17th, 2016 by issuing a Downtrend alert when the shares were trading at $39.14. Since that call, shares of ProShares UltraPro Short Russell 2000 have fallen 30.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses proshares ultrapro short russell 2000