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ProShares Ultra Nasdaq Biotechnology ETF Crosses Above its 10-day MA (BIB)

By David Diaz

Today, shares of ProShares Ultra Nasdaq Biotechnology ETF (NASDAQ:BIB) have advanced above their 10-day MA of $42.89 on a volume of 370K 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 Nasdaq Biotechnology ETF share prices have moved between a 52-week high of $174.48 and a 52-week low of $33.97 and are now trading 29% above that low price at $43.79 per share. The 200-day and 50-day moving averages have moved 2.01% lower and 0.02% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in ProShares Ultra Nasdaq Biotechnology ETF. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares Ultra Nasdaq Biotechnology ETF in search of a potential trend change.

Keywords: moving crosses proshares ultra nasdaq biotechnology etf

Ticker(s): BIB