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ProShares Ultra Silver Bullish Moving Average Crossover Alert (AGQ)

By Nick Russo

Today, shares of ProShares Ultra Silver (NYSE:AGQ) have crossed bullishly above their 10-day moving average of $38.71 on a volume of 136K 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 Silver has traded in a range of $14.97 to $80.77 and is now at $41.11, 175% above that low. The 200-day and 50-day moving averages have moved 0.62% lower and 0.85% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of ProShares Ultra Silver on April 15th, 2014 by issuing a Downtrend alert when the shares were trading at $62.24. Since that call, shares of ProShares Ultra Silver have fallen 38.2%. 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

Ticker(s): AGQ