Bullish Moving Average Cross by ProShares UltraShort 20+ Year Treasury (TBT)
ProShares UltraShort 20+ Year Treasury (NYSE:TBT) shares have crossed bullishly above their 10-day moving average of $31.19 on a volume of 875K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
ProShares UltraShort 20+ Year Treasury share prices have moved between a 52-week high of $52.25 and a 52-week low of $29.45 and are now trading 8% above that low price at $31.75 per share. The 200-day and 50-day moving averages have moved 0.55% lower and 0.03% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in ProShares UltraShort 20+ Year Treasury. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares UltraShort 20+ Year Treasury in search of a potential trend change.
Keywords: moving crosses proshares ultrashort 20+ year treasury