ProShares Ultra DJ-UBS Crude Oil Crosses Above its 10-day MA (UCO)
Today, shares of ProShares Ultra DJ-UBS Crude Oil (NYSE:UCO) have crossed bullishly above their 10-day moving average of $36.84 on a volume of 241K 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 Ultra DJ-UBS Crude Oil share prices have moved between a 52-week high of $40.17 and a 52-week low of $27.62 and are now trading 34% above that low price at $36.99 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
SmarTrend is monitoring the recent change of momentum in ProShares Ultra DJ-UBS Crude Oil. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares Ultra DJ-UBS Crude Oil in search of a potential trend change.
Keywords: moving crosses proshares ultra dj-ubs crude oil