ProShares Ultra QQQ Crosses Above its 10-day MA (QLD)
Today, shares of ProShares Ultra QQQ (AMEX:QLD) have crossed bullishly above their 10-day moving average of $69.31 on a volume of 213K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of ProShares Ultra QQQ have traded between a low of $55.00 and a high of $155.04 and are now at $69.77, which is 27% above that low price. The 200-day and 50-day moving averages have moved 0.35% lower and 0.47% higher over the past week, respectively.
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