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ProShares Ultra DJ-UBS Crude Oil Crosses Above its 10-day MA (UCO)

By Amy Schwartz

ProShares Ultra DJ-UBS Crude Oil (NYSE:UCO) shares have crossed bullishly above their 10-day moving average of $23.22 on a volume of 2.0 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

ProShares Ultra DJ-UBS Crude Oil share prices have moved between a 52-week high of $162.45 and a 52-week low of $8.87 and are now trading 164% above that low price at $23.45 per share. The 200-day and 50-day moving averages have moved 2.91% lower and 3.75% lower over the past week, respectively.

SmarTrend is tracking the current trend status for ProShares Ultra DJ-UBS Crude Oil and will alert subscribers who have UCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses proshares ultra dj-ubs crude oil

Ticker(s): UCO