ProShares Ultra Silver Bullish Moving Average Crossover Alert (AGQ)
ProShares Ultra Silver (NYSE:AGQ) shares have crossed bullishly above their 10-day moving average of $17.14 on a volume of 968K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, ProShares Ultra Silver share prices have been bracketed by a low of $15.01 and a high of $60.63 and are now at $18.21, 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.6% while the 50-day MA has declined 4.2%.
SmarTrend recommended that its subscribers protect gains by selling shares of ProShares Ultra Silver on February 14th, 2013 by issuing a Downtrend alert when the shares were trading at $44.35. Since that call, shares of ProShares Ultra Silver have fallen 62.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses proshares ultra silver