ProShares Ultra Nasdaq Biotechnology ETF Bearish Moving Average Crossover Alert (BIB)
Today, shares of ProShares Ultra Nasdaq Biotechnology ETF (NASDAQ:BIB) have crossed bearishly below their 10-day moving average of $46.64 on a volume of 276K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, ProShares Ultra Nasdaq Biotechnology ETF share prices have been bracketed by a low of $33.97 and a high of $174.48 and are now at $46.33, 36% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for ProShares Ultra Nasdaq Biotechnology ETF and will alert subscribers who have BIB in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses proshares ultra nasdaq biotechnology etf