Bullish Moving Average Cross by ProShares UltraShort 20+ Year Treasury (TBT)
Today, shares of ProShares UltraShort 20+ Year Treasury (NYSE:TBT) have advanced above their 10-day MA of $37.59 on a volume of 514K 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.
In the past 52 weeks, ProShares UltraShort 20+ Year Treasury share prices have been bracketed by a low of $34.62 and a high of $52.25 and are now at $37.73, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.7%.
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