Bullish Moving Average Cross by Short MSCI Emerging Markets ProShares (EUM)
Short MSCI Emerging Markets ProShares (AMEX:EUM) crossed over its 10-day moving average of $26.86 on a volume of 357K 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.
Short MSCI Emerging Markets ProShares share prices have moved between a 52-week high of $34.07 and a 52-week low of $23.43 and are now trading 15% above that low price at $27.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.
SmarTrend is tracking the current trend status for Short MSCI Emerging Markets ProShares and will alert subscribers who have EUM in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses amex:eum short msci emerging markets proshares