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 $30.92 on a volume of 596K 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.
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 5% above that low price at $31.05 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for ProShares UltraShort 20+ Year Treasury and will alert subscribers who have TBT in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses proshares ultrashort 20+ year treasury