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ProShares Ultra Silver Bullish Moving Average Crossover Alert (AGQ)

By Shiri Gupta

Today, shares of ProShares Ultra Silver (NYSE:AGQ) have advanced above their 10-day MA of $75.87 on a volume of 311K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, ProShares Ultra Silver has traded in a range of $14.97 to $80.77 and is now at $76.63, 412% above that low. The 200-day and 50-day moving averages have moved 3.02% higher and 8.12% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of ProShares Ultra Silver on January 24th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.15. Since that recommendation, shares of ProShares Ultra Silver have risen 11.4%. We continue to monitor AGQ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses proshares ultra silver

Ticker(s): AGQ