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ProShares Ultra QQQ Crosses Above its 10-day MA (QLD)

By Nick Russo

Today, shares of ProShares Ultra QQQ (AMEX:QLD) have advanced above their 10-day MA of $119.46 on a volume of 358K 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.

Over the past year, ProShares Ultra QQQ has traded in a range of $55.00 to $155.04 and is now at $119.72, 118% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

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

Keywords: moving crosses amex:qld proshares ultra qqq

Ticker(s): QLD