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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 $69.38 on a volume of 365K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

ProShares Ultra QQQ share prices have moved between a 52-week high of $155.04 and a 52-week low of $55.00 and are now trading 27% above that low price at $69.87 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for ProShares Ultra QQQ and will alert subscribers who have QLD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:qld proshares ultra qqq

Ticker(s): QLD